Bitcoin Forum

With the recent price surge of VCs, such as Bitcoins, the BSP has observed that an increasing number of individuals or entities may be tempted to “invest” in VC pyramid schemes disguised as initial coin offerings (ICOs) or VC investment products.  The public is therefore advised to exercise caution regarding the acquisition, possession, trading of VCs or dealing with VC-related offers.  Unlike stocks or debt issues, VCs are not backed by any company or commodity and the price is purely dependent on market demand and supply.  As such, investing in VCs presents a highly speculative and risky undertaking which might result into huge financial losses. To minimize risks, the BSP highly encourages existing and prospective VC users to deal only with BSP-registered VC exchanges and maintain only a sufficient amount of VCs enough to address transaction requirements.  VC users should properly secure their VC holdings and observe security tips below to protect the confidentiality and integrity of personal information and transaction details.

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! ;) ;)

sinubukan ko mag open ng BDO savings account last month. nung tinanong ako kung ano source of income ang sabi ko bitcoin. hinahanapan nila ako ng transaction details tsaka kung san galing ang bitcoin ko. ayun di nalang ako nag apply. hassle masyado.

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.


Important security considerations for VC users:

• Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
• Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
• Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
• Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
• Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
• Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

Good to know open-minded ang Bangko Sentral about virtual currencies at hindi nagbibigay ng restrictions tungkol dito.

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.


Important security considerations for VC users:

• Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
• Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
• Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
• Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
• Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
• Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

Hindi naman talaga pinagbabawal ng BSP ang kahit anong cryptocurrency dito sa Pilipinas. Pabor naman din sila dito. Kaya nga maganda na pinagiingat nila ang mga crypto users kasi dumadami talaga ang mga scammer pero ayos din yung balita nila ah, pati mga ICO ginagamit na rin para sa pyramiding scheme. Kaya dapat talaga doble ingat tayo sa pag-iinvest din sa mga ICO at pagsali sa mga bounty campaign kung ayaw nating sa bandang huli, masayang lang ang pinaghirapan.

Sa totoo lang hinde naman masamang babala ito galing sa bsp bagkos ito ay magandamg babala para mawarningn tau at magingat sa mga scammer ngaun na gingamet ay bitcoins pra makapanlamang ng kapwa nila pilipino.

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.


Important security considerations for VC users:

• Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
• Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
• Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
• Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
• Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
• Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

Ang BSP ay may ginagawang hakbang upang maging ligtas ang mga Crypto Users against sa mga Scammers online. Patunay ito na unti-unti nang tinatanggap ng ating gobyerno ang CryptoCurrency dito sa ating bansa

sinubukan ko mag open ng BDO savings account last month. nung tinanong ako kung ano source of income ang sabi ko bitcoin. hinahanapan nila ako ng transaction details tsaka kung san galing ang bitcoin ko. ayun di nalang ako nag apply. hassle masyado.

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.


Important security considerations for VC users:

• Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
• Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
• Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
• Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
• Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
• Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

Good news, they're protecting users from getting scammed by syndicates operating in social media platforms and taking advantage of Bitcoin popularity. The only thing I've noticed is that BSP keeps on regarding bitcoin and cryptocurrency as virtual currency which is incorrect and totally wrong. Well, I don't blame them because (I guess) a great majority of bank people do not know what bitcoin is all about, and much more, the over 1000 coins (still counting) in circulation.

There are lots of differences between virtual currency and cryptocurrency, although the two are both unregulated, virtual currency is centralized and mostly used, accepted among the members of a specific virtual community... in contrast, cryptocurrency is not, it's decentralized and it's used in P2P transactions worldwide. Also, you can't own any virtual currency, while in cryptocurrency like bitcoin, you hold your private key and you are the owner. There are too many actually and the above were just a few.

hindi kasi nirerecognize ng bangko particularly ng bdo ang bitcoin as a source of income ng mga pinoy, hindi sila aware sa bitcoin cryptocurrency kaya hindi talaga sila papayag pag ito ang nilagay mo sa form as a source of income, hahanapan ka pa din talaga ng ibang requirements.

Kaya nga dahil marami ngayon ang naeengganyo sa pag iinvest sa bitcoin simula nung ipinalabas ito sa telebisyon at sinabing may potensyal talagang kumita rito at ganon na nga ang nangyare kaya ang bangko sentral ng pilipinas ay nagbigay babala lang naman sa mga kapwa natin pinoy.

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! ;) ;)

Dapat tayong magpasalamat sa BSP sa concern nila sa ating mga bitcoin users at salamat din sa paalala upang lalo tayong maging maingat at hindi tayo ma scam ng mga mapagsamantalang tao na walang ginawa kundi manglamang ng kapwa.

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.


Important security considerations for VC users:

• Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
• Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
• Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
• Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
• Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
• Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

At least may suporta at pinagiingat tayo ng gobyerno lalo na ang Bangko Sentral sa paggamit ng cryptocurrency. Gumawa pa sila ng guidlines para mas secure yung mga accounts natin at mga virtual currency na hawak natin. Tumutulong din sila sa pagtuligsa sa mga scammer na nagpapababa sa imahe ng bitcoins. Bilib ako sa gobyerno natin dahil sabay tayo sa teknolohiya di tulad sa ibang bansa kagaya ng Bangladesh, na itinuturing na ilegal at huhulihin ka kapag napatunayang gumagamit ka ng cryptocurrency.

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! ;) ;)

hindi yan ipagbabawal kasi currency yan na legal sa karamihan sa bansa. pero ang bdo nakaban ang cryptocurrency dyan ewan ko lang kung bakit. sayang malaki maitutulong ni bitcoin sa ekonomiya natin kung sakali. kasi malaki kikitain ng karamihan sa mga kababayan natin sa pag tratrabaho sa bitcoin,

Yan naman po ang isa sa maganda sa ating mga Pinoy talagang open po tayo sa mga ganitong oportunidad, kaya pasalamat nalang din tayong mga pinoy dito sa pinas dahil hindi agad agad sila nakiki ayon na iban agad to bagkus ay binigyan nila to ng oportunidad para maaral nila to.

nagbibigay lang ang BSP ng babala sa mga pinoy na gumagamit ng bitcoin para makapag ingat sila sa mga scammer na naglipana sa online. nagagamit ang bitcoin para sila ay makapangloko ng tao, yun ang gustong ipahiwatig ng BSP.

may mga iilan kasi dito na ginagamit ang bitcoin at sumasabay sa popularidad nito para makapangloko, ginagamit nila ang bitcoin para makapang scam kaya nagbibigay ng babala ang BSP sa mga pinoy para maging aware sila sa mga ganitong manloloko sa bitcoin

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! ;) ;)

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.


Important security considerations for VC users:

• Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
• Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
• Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
• Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
• Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
• Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

Itoy magandang balita sa lahat ng crypto users specially in me dahil ang Virtual Currency ay unti unti nang inaadopt ng ating gobyerno, marahil nakita na nila ang potential nito at ang pag dami o paglobo ng bilang ng mga holders ng VC sa ating bansa. At hindi lang yan maaari din nakatulong ang ibang big banks dito sa atin na isulong ang ganyang aktibidad ng BSP dahil sa kaninalang proposal's na isinabmit ng mga banko na interesado sa Virtual Currency's.  :D But for now I'm happy dahil ang cooperation ng Bangko Sentral ay nakikiisa na sa atin at hindi mag tatagal sa tingin ko gagawa na sila ng mga plataporma na mag papatibay ng pag gamit nito at no hussle as well.

Lumabas ng bagong statement ang Bangko Sentral ng Pilipinas regarding the Bitcoin and other cryptocurrencies.


Important security considerations for VC users:

• Set-up and use a dedicated email account.  Avoid using the same email accounts or username that you have used in public platforms such as social media.
• Keep your VC-related email account to yourself.  In any VC transaction, users need their email account and password.  Thus, it is important to secure not only your password but also your email account.
• Set a strong password.  Use complex and hard-to-guess passwords (i.e. alphanumeric including symbols, lower and upper cases).  Avoid re-using the same password for more than one service.
• Observe basic internet security.  Exercise caution in accessing your VC wallet especially when using wi-fi connections.  Avoid installing software, browser plugins or downloading attachments from unknown or suspicious websites and emails.  At the same time, do not leave your device unattended.
• Subscribe to multi-factor authentication (MFA) provided by the VC wallet provider.  VC users should enable, whenever available, MFA options to their VC accounts.  Adding another layer of authentication can provide increased security to your VC account and transactions.
• Separate your funds and use cold storage.  VC funds should be separated in two or more digital wallets for transactional purposes.  The main wallet used to store VC funds for future use should be kept offline or popularly known as cold storage wallet to minimize vulnerability to theft, hacking or fraud.

Full article can be read on their site at http://www.bsp.gov.ph/publications/media.asp?id=4575&yr=2017

Akala ko naman ipinagbawal na ng BSP ang Bitcoin. Hindi naman pala. Sa katunayan pa nga Good News ito para sa ating mga Virtual Currency Users dahil concern ang BSP sa atin kapakanan. At least may ginagawa sila para matulongan tayong maging secure ang ating mga accounts. Good Job BSP! ;) ;)