Bawal ang Cryptocurrency sa Security Bank

[pinoycash]

Kung bawal sa Security Bank ang  crypto currency bakit nag o-offer sila ng cash out via Sec. Bank?
Sa tingin ko tanggap naman nila yun at hindi talaga ipinagbabawal.

Di ko rin nga alam din kasi sa coins.ph may security bank naman pero hindi ka maka cashout. Actually nag cashout ako sa security bank at binigay naman ang mga codes at pin kaso nga lang di ko makuha ang pera kaya ill ask to coins.ph para maibalik yung pera ko at naibalik din naman.

We are cashing out FIAT money out of Coins.ph to Security Bank and the bank are not directly engaging in cryptocurrency exchange business.

What they don't accept is opening an account and your using Bitcoin or Cryptocurrency as a source of funds or income, They are just being careful for any AML issues that may arise in the future.

So if you wan't to open an account with any bank don't ever mention bitcoin as your source of livelihood you get denied upfront. Start a small sari sari store so you have an alibi or a front for your bitcoin income.

[Muzika]

Kung bawal sa Security Bank ang  crypto currency bakit nag o-offer sila ng cash out via Sec. Bank?
Sa tingin ko tanggap naman nila yun at hindi talaga ipinagbabawal.

Di ko rin nga alam din kasi sa coins.ph may security bank naman pero hindi ka maka cashout. Actually nag cashout ako sa security bank at binigay naman ang mga codes at pin kaso nga lang di ko makuha ang pera kaya ill ask to coins.ph para maibalik yung pera ko at naibalik din naman.

yan ang tanong, since partner nila ang coins.ph aware sila na ang pinapasok sa kanilang pera ay nanggagaling sa crypto, so bakit restricted ang pag gawa ng account sa security bank diba?

[pinoycash]

yan ang tanong, since partner nila ang coins.ph aware sila na ang pinapasok sa kanilang pera ay nanggagaling sa crypto, so bakit restricted ang pag gawa ng account sa security bank diba?

Aware naman sila na si coin.ph ay sumusunod sa AML guidelines so safe sila to transact with them.

Pero kapag individual clients na tapos crypto ang source of funds mejo hesistant sila kasi wala silang tiwala.

[bitcoin31]

Kung hindi mo naman sasabihin na galing ito sa cryptocurrency I think wala namang magiging problem diyan. Pero sa tingin hindi naman pinagbabawal ng security bank ang galing sa cryptocurrency na pera kasi halimbawa na lang yung sa coins.ph security bank egive cashout yun diba so it means na pwede.

[pinoyden]

Kung hindi mo naman sasabihin na galing ito sa cryptocurrency I think wala namang magiging problem diyan. Pero sa tingin hindi naman pinagbabawal ng security bank ang galing sa cryptocurrency na pera kasi halimbawa na lang yung sa coins.ph security bank egive cashout yun diba so it means na pwede.

May mga banks talaga na kinikilatis nila muna kung saan mangagaling ang funds mo  . tulad din sa ibang country ayaw nila tumanggap ng cryptos pero di naman nila malalaman kung nag sisinungaling ka o hindi diba ? At isa pa hindi naman illegal ang crypto   . 

Yung ibanga jan galing pa sa masamang paraan ang perang dinideposit nila sa bangko pero hindi naman alam ng banko  .   at lastly  , yun nga   .  partner naman ng coins ang security bank   .

[pinoycash]

Kung hindi mo naman sasabihin na galing ito sa cryptocurrency I think wala namang magiging problem diyan. Pero sa tingin hindi naman pinagbabawal ng security bank ang galing sa cryptocurrency na pera kasi halimbawa na lang yung sa coins.ph security bank egive cashout yun diba so it means na pwede.

Bank won't allow you to open an account without a valid proof of income or source of funds. If you can lie to the bank officer who is in charge for new accounts then its good.

So saying its from cryptocurrency its a big redflag for them.

[cola-jere]

Hindi bawal ang cryptocurrencies as per BSP. May BSP Circular 944 sila na nilabas as Guidelines for Virtual Currencies.
http://www.bsp.gov.ph/regulations/regulations.asp?id=3748

Coins.ph is licensed by BSP - check the About page ng Coins.ph.
Mahirap kumuha sa BSP ng license to operate as remittance and exchange of virtual currencies.

Hindi naman siguro lahat ng nasa front end ng banks ay may knowledge sa BSP Circular 944, kaya siguro iniisip nila na against Anti-Money Laundering agad pag involved ka sa crypto.

If you can "side-step" na lang where your funds are coming from, then better, para wala na masyado tanong at hassle. 

[coin-investor]

Nagbukas ako ng account sa Security Bank noong nakaraang araw dahil kailangang kong magbukas ulit ng account sa PayPal at dahil malayo ang Union Bank sa lugar ko I decided na dito na lang ako sa banko na ito kasi authorized sya ng PayPal to handle transactions sa kanila. During the interview I was asked about my sources of income and the interviewer asked me if I am involved with Bitcoin and similar things and I honestly said yes but pointed out that this account is for PayPal and not for cryptocurrency transactions.

I was specifically told na bawal pala daw ang mag-deposit ng pera na galing sa Bitcoin o cryptocurrency na ang ibig sabihin bawal mag encash sa Coins.Ph at ipa-deposit sa account mo sa Security Bank... ang pwede eh yung kanilang eGiveCash na cashless withdrawal. Ang reason na binigay ng interviewer is that the Central Bank has warned them about Bitcoin and similar business transactions as banks are not authorized to handle the same and if ever I am caught depositing or sending money from Bitcoin encashment to my account then the bank can forfeit the same money that's why the warning.

Totoo rin ata to sa iba pang bangko lalo na yung mga sikat at malalaki though I was able to deposit money to my Metrobank account before from Coins.Ph. Siguro itanong ko rin ito sa coins.ph ano ba talaga ang clear situation...

Hindi ko pa na try ito pero ang bawat bangko ay may kanya kanyang policy na kailanagan nating igalang pero parang balewala ang kanilang egivecash kasi 2 beses na ako nag ka issue dito, pero hindi natin maikakaila na ang Security Bank ay isa top bank sa Philippine market, hindi pa ngayun pero soon mag iiba rin sila ng stance.

[steampunkz]

Di pwede pag gagamitin mong pang cashout is yun btc mo pero kung convert mo yun btc to php like sa coins.ph. Pwede po eto pero sa na observe ko ngayon lagi nagkakaroon ng problema sa  security bank. Dito ko tinignan lagi kung ano sitwasyon pag withdraw ako https://status.coins.ph/

[Lassie]

Di pwede pag gagamitin mong pang cashout is yun btc mo pero kung convert mo yun btc to php like sa coins.ph. Pwede po eto pero sa na observe ko ngayon lagi nagkakaroon ng problema sa  security bank. Dito ko tinignan lagi kung ano sitwasyon pag withdraw ako https://status.coins.ph/

eh? lahat naman ng bangko dito sa pinas ngayon hindi pa naman talaga tumatanggap ng bitcoins sa cashout, kailangan muna talaga iconvert to pesos yung crypto natin bago pumasok sa bangko LOL

[Ipwich]

You might have talk to a wrong person, AFAIK, all banks are governed by the BSP and they only follow the same rules.
There's no rules under the BSP law that prohibits the bank from accepting funds that are coming from BTC transaction, you should talk to the manager.

[crwth]

You might have talk to a wrong person, AFAIK, all banks are governed by the BSP and they only follow the same rules.
There's no rules under the BSP law that prohibits the bank from accepting funds that are coming from BTC transaction, you should talk to the manager.

I remember when I first opened a bank account in Security Bank, I think last year, and I told the New Accounts Personnel that I have some funds that I receive from "Coins.ph" not necessarily Bitcoin itself. I didn't talk about it to them but I remember specifically talking about coins.ph. I told them that's it's legitimate and you could really load from it. Sabi ko na lang na extra lang din yun and I have work to support my needs.

Maybe you could retry it again this year or something. Or mention mo lang coins.ph. I don't know if they know that it supports cryptocurrencies but we will see.


Segway lang. Article from Security Bank Website mentioning Bitcoin.

https://www.securitybank.com/blog/uitf-vs-stocks-vs-bitcoin/

[steampunkz]

Di pwede pag gagamitin mong pang cashout is yun btc mo pero kung convert mo yun btc to php like sa coins.ph. Pwede po eto pero sa na observe ko ngayon lagi nagkakaroon ng problema sa  security bank. Dito ko tinignan lagi kung ano sitwasyon pag withdraw ako https://status.coins.ph/

eh? lahat naman ng bangko dito sa pinas ngayon hindi pa naman talaga tumatanggap ng bitcoins sa cashout, kailangan muna talaga iconvert to pesos yung crypto natin bago pumasok sa bangko LOL

Inulit mo lang yun sinabi ko sir, Ang point ko dito is lage nagkakaroon ng problema ang Security Bank sa cashouts ng coins.ph. Cguro naman na experienced muna rin di dumating yun mga reference, pin kahit e-double send  mo pa, tpos meron pa yun pag I withdraw muna pera tpos dilalabas sa Security ATM, Then may ma recieved kang message ng coins na succesfully withdraw na raw.