[source]

Sa kabila ng pagtutol nuon ng mga Bangko tungkol sa cryptocurreny pero may isang pasabog na pahayag ang na pinakawalan ang Sentral Bank natin. At sa na nabasa ko parang katanggap-tanggap na ng Sentral bank at maging isang paraan narin ito upang mahikayat ang mga kababayan natin sa paggamnit nito.

“On cryptocurrencies, we do not see it significantly affecting the present demand for physical currencies,” Diokno said. “Cryptocurrency for us has always been beyond the asset itself, but more on the blockchain technology that underpins it. Blockchain continues to elicit interest around revolutionizing the delivery of financial services by providing an efficient, secure, and robust means of payment.”

The Philippines is the latest country to announce central bank digital currency research. However several governments around the world have expressed interest in launching a central bank digital currency to reduce costs and optimize efficiency when it comes to banking and finance. At the moment, China appears to be the country with a large economy to launch a central bank digital currency.

source: https://coingeek.com/philippines-tasks-group-to-explore-central-bank-digital-currency/

Ito na kaya ang hinintay nating pagkakataon na ma-fully legalize na ang paggamit ng Bitcoin sa bansa natin at saka maging yung maliliit na establishments ay tatanggap narin ng ganitong pamamaran nang pagbayad?

Last July 1, The Security and Exchange Commission warns the Filipino community in regard to the crypto investment scheme as a claim like a Ponzi scheme.

This is their claims...

"Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme.
The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1.

The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both."

You can read the entire article: https://cointelegraph.com/news/philippine-sec-warns-against-crypto-schemes

I don't know how this will affect the adoption here in the Philippines but it something will give a negative impact as people will also think negatively when they hear and read for this.

Would like to hear your thoughts especially for Filipino members here.

[UPDATE/S to adoption]

I read this article( though this was created last month) and I found out the reality upon this statement.

The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017.” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now. The researchers’ survey shows that since the post-Covid-19 economy is setting in, trust in bitcoin has grown 29% in the past three years.

Sources: https://news.bitcoin.com/covid-19-economy-fuels-faith-in-crypto-trust-in-bitcoin-over-banks-increased-3x-since-2017/

And another one,
https://cointelegraph.com/news/from-cash-to-crypto-covid-19-is-changing-the-way-the-world-sees-money

We can hear and see it on the television and read online about the adoption of Bitcoin as another option for contactless payment. Indeed, many countries and companies are supporting this for this a way to survive the new normal.

UPDATE/S to adoption:
https://cointelegraph.com/tags/bitcoin-adoption
https://cointelegraph.com/news/former-us-treasury-head-calls-payment-friction-the-best-argument-for-crypto

I would like to hear your thoughts about this.

PS. I'll keep this thread to be updated from time to time.