Topic: Title: Bangko Sentral ng Pilipinas at ang Cryptocurrency - page 2. (Read 242 times)
Hindi naman unti unti, matagal na talagang kinikilala ng BSP ang bitcoin at iba pang cryptocurrencies kung gaano ito kahalaga sa financial transfers at bilang investments. Kasi kung hindi yan kinilala dati, dapat hindi nila binigyan ng license ang coins.ph at binan na dati pa ang crypto. Kaya swerte tayo ang BSP natin at government natin ay hindi tulad nung mga bansa na hindi talaga ina-acknowledge ang cryptocurrencies bagkus dito, sinusuportahan pa nila.
In summary:
- Diokno: "cryptocurrencies are not really currencies, as they are more appropriately referred to as virtual assets"
- Non-verbatim:"Wow angdaming nag eexchange ng crypto sa exchanges, prepare for more taxes!"
Eto talaga yun. Nakikita nila ang utility ng bitcoin sa pagpapapalit-palit lang ng value, pero not so much when it comes to actual transactions na pagsesend from one place to another. Either way, this still nets positive reaction from them, and who knows baka mas mag soften-up pa ang gobyerno at ang BSP sa policies, laws, and regulations na hinahanda nila sa kasalukuyan.
At regarding sa taxation, we already saw it coming from miles away. Alam nating may kaakibat na value ang paggamit ng cryptocurrencies, and with value comes taxes. Wag nga lang sana umabot na with taxes come corruption, dahil napaka-normal na sa gobyerno natin ito at huwag naman sanang mabahiran ng madudungis na kamay ang cryptocurrency industry.
Expected na natin to, knowing the government, as cryptocurrency makes noise and becomes massively adapted the more it gets the government's attention. The government will sooner or later include this as a tax subject. Either we like it or not we all know and we are well aware that we can't avoid corruption lalo na sa ating bansa. Sana lang kung magkakaroon man ng tax justifiable since karamihan ng Pinoy ay mga nag sisimula pa pang sa crypto at mga small investors pa lang.
These figures ay galing lamang sa mga regulated exchanges, so how much more if isali na yung mga non-custodial wallets but that's not possible as of the moment.
Quote from: https://www.philstar.com/business/2021/03/01/2080977/bsp-sees-further-rise-cryptocurrency-transactions
We also anticipate a continued increase in the adoption of virtual currencies in the payments and remittances sphere, as well as in the delivery of other financial services. This follows from an observed growth in virtual currency business activities from BSP-registered exchanges in the past few years,”
Good approach sa finance department ng bansa and expect this will be another chapter ng "another tax na naman" but sana nga enough na yung fees na kuha ng coins and other custodial wallets or taxes na nakukuha nila sa mga regulated exchanges dito sa bansa. 
In summary:
- Diokno: "cryptocurrencies are not really currencies, as they are more appropriately referred to as virtual assets"
- Non-verbatim:"Wow angdaming nag eexchange ng crypto sa exchanges, prepare for more taxes!"
Eto talaga yun. Nakikita nila ang utility ng bitcoin sa pagpapapalit-palit lang ng value, pero not so much when it comes to actual transactions na pagsesend from one place to another. Either way, this still nets positive reaction from them, and who knows baka mas mag soften-up pa ang gobyerno at ang BSP sa policies, laws, and regulations na hinahanda nila sa kasalukuyan.
At regarding sa taxation, we already saw it coming from miles away. Alam nating may kaakibat na value ang paggamit ng cryptocurrencies, and with value comes taxes. Wag nga lang sana umabot na with taxes come corruption, dahil napaka-normal na sa gobyerno natin ito at huwag naman sanang mabahiran ng madudungis na kamay ang cryptocurrency industry.
In summary:
- Diokno: "cryptocurrencies are not really currencies, as they are more appropriately referred to as virtual assets"
- Non-verbatim:"Wow angdaming nag eexchange ng crypto sa exchanges, prepare for more taxes!"
They support cryptocurrency since then, and since marame na ang nagtitiwa sa Bitcoin mas lalo pa nila pinagbubuti ang pagreregulate dito. We’re so lucky kase kahit na maliit na bansa lang tayo ay supportado naman tayo ng gobyerno in terms of using Bitcoin, kaya dapat lang naten na pagingatan ito at sana yung mga exchanges na registered sa BSP ay gawing maayos ang kanilang serbisyo.
Muli nanamang napansin ng BSP ang pagangat ng halaga ng bitcoin at ang pagdami ng mga transactions na mahigit P76 Billion ang halaga at limang beses na mas malaki kumpara sa taong 2019 na nasa P14.9 Billion lamang.
Dahil dito, masasabi kong unti unti nang tinatanggap ng gobyerno natin ang bitcoin at ang cryptocurrency bilang isang virtual asset na kung saan makakatulong sa ating lipunan pagdating sa mga online transactions. Inaasahan din ng lokal na gobyerno ang magandang maiaambag nito sa lipunan sa mga susunod pa na panahon.
Source: https://www.philstar.com/business/2021/03/01/2080977/bsp-sees-further-rise-cryptocurrency-transactions
Dahil dito, masasabi kong unti unti nang tinatanggap ng gobyerno natin ang bitcoin at ang cryptocurrency bilang isang virtual asset na kung saan makakatulong sa ating lipunan pagdating sa mga online transactions. Inaasahan din ng lokal na gobyerno ang magandang maiaambag nito sa lipunan sa mga susunod pa na panahon.
Source: https://www.philstar.com/business/2021/03/01/2080977/bsp-sees-further-rise-cryptocurrency-transactions
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