PH is now considering Bitcoin

[zimmah]

The central bank executive, however, assured the public that the BSP is continuously studying VC usage intricacies “to formally regulate virtual currencies.”

They did nothing to contribute any development and they want to formally regulate, really?   regulate their ass

So that when the government is already regulating the use of bitcoin here, the corruption also can be digital and no liquidation can happen.
Digital corruption is possible but I'm looking at the good side of it when it is already implemented in our country.

You can already buy Bitcoin in ph. So I don't know what the banks will add.

Best to not trust banks at all, they always steal money.

[ning_chang]

The central bank executive, however, assured the public that the BSP is continuously studying VC usage intricacies “to formally regulate virtual currencies.”

They did nothing to contribute any development and they want to formally regulate, really?   regulate their ass

So that when the government is already regulating the use of bitcoin here, the corruption also can be digital and no liquidation can happen.
Digital corruption is possible but I'm looking at the good side of it when it is already implemented in our country.

You can already buy Bitcoin in ph. So I don't know what the banks will add.

Best to not trust banks at all, they always steal money.

You can also cash out in the banks, Im trying to convert it to local currency and transfer it to banks that is affiliated to my wallet

[jhenfelipe]

The central bank executive, however, assured the public that the BSP is continuously studying VC usage intricacies “to formally regulate virtual currencies.”

They did nothing to contribute any development and they want to formally regulate, really?   regulate their ass

So that when the government is already regulating the use of bitcoin here, the corruption also can be digital and no liquidation can happen.
Digital corruption is possible but I'm looking at the good side of it when it is already implemented in our country.

You can already buy Bitcoin in ph. So I don't know what the banks will add.

Best to not trust banks at all, they always steal money.

You can also cash out in the banks, Im trying to convert it to local currency and transfer it to banks that is affiliated to my wallet

Banks were always been one of the options on withdrawal. That's why coins.ph wallet already required its users to update their profile. To be more secure/prevent fraud and to better comply with Philippine Laws.

[Jemzx00]

I'm glad that the Bangko Sentral ng Pilipinas ( Central Bank of the Philippines ) is now considering the use of bitcoin.  And I'm sure it will be implemented soon here in our country.
You may read the whole article below.
http://interaksyon.com/business/128696/ph-now-a-major-player-on-virtual-currency-usage---bsp-exec

Well for what I've heard is that there's a atm kind of machine on Makati where you can withdraw your bitcoin. So this kinds of things is not new for me.

[ardentvolcanoes]

wow that a good new and it's great that philippines will be considering bitcoin as a mode of payment . i hope that there will be some stores and maybe shopping mall that will accept bitcoin for payment . i would gladly use my coin for it .

[carlisle1]

The central bank executive, however, assured the public that the BSP is continuously studying VC usage intricacies “to formally regulate virtual currencies.”

They did nothing to contribute any development and they want to formally regulate, really?   regulate their ass

So that when the government is already regulating the use of bitcoin here, the corruption also can be digital and no liquidation can happen.
Digital corruption is possible but I'm looking at the good side of it when it is already implemented in our country.

well that will be a a big problem for all bitcoin investors and also for all of us that using bitcoin , it is not good to hear that it will became used for corruption , laundering or what . it is not impossible to happen because there a lot of corrupt officials in the philippines .

[aioc]

I'm glad that the Bangko Sentral ng Pilipinas ( Central Bank of the Philippines ) is now considering the use of bitcoin.  And I'm sure it will be implemented soon here in our country.
You may read the whole article below.
http://interaksyon.com/business/128696/ph-now-a-major-player-on-virtual-currency-usage---bsp-exec

That is a welcome news for pinoy bitcoin userwe have a lot of active pinoy bitcoin user here,having a board of their own,but according to the article publics must first need to understand how bitcoin really works but it's a good start anyway..

[justdimin]

I read the article. Is that a major news-sharing site in the Philippines, if it's so, then it's kind of alarming that the article writer didn't do a fact-check first because there was something mentioned about Satoshi Nakamoto denying that he invented bitcoins.

[boyptc]

I read the article. Is that a major news-sharing site in the Philippines, if it's so, then it's kind of alarming that the article writer didn't do a fact-check first because there was something mentioned about Satoshi Nakamoto denying that he invented bitcoins.

well maybe the writer really doesn't have full knowledge of bitcoin and he just did the article for the sake of news. That's how it goes here in he Philippines. But the news itself says, that's the fact and it's true that our country is going to adopt bitcoin soon but there is no timeframe.

You can already buy Bitcoin in ph. So I don't know what the banks will add.

Best to not trust banks at all, they always steal money.

Yes, that's true and me either I don't trust bank they are stealing their depositors money the legal way by charging different kind of crazy fees
without  giving notice to the people.

[BitMaxz]

This is good news never heard and found this article in google.. and never heard this news.. just now.. and i hope it will happen because we already seen the potencial growth of bitcoin here in our country(philippines) i just heard coins.ph they they are added also laws they are now restricted need to verified you account in coins ph with selfie and present government id's so i think this is the beginning of bitcoin here in our country and more people are interested in bitcoin..

[boyptc]

This is good news never heard and found this article in google.. and never heard this news.. just now.. and i hope it will happen because we already seen the potencial growth of bitcoin here in our country(philippines) i just heard coins.ph they they are added also laws they are now restricted need to verified you account in coins ph with selfie and present government id's so i think this is the beginning of bitcoin here in our country and more people are interested in bitcoin..

That's true coins.ph (Philippines best bitcoin service provider) is becoming strict to their service. I think that's connected with this news.
And why you never heard this news and found it in google, well we all know that media is been always an obstacle for good news.

[drwtsn32]

For those who do not know yet, the Philippines has http://coins.ph/ (a third-party bitcoin wallet site) where you can send bitcoins without (or very low) transaction fees.
You can also buy mobile network load, pay bills and shop online using your wallet.
Awesome right?  

Nice, wanted to spend my holidays in the Philippines anyway, one reason more to go 

That's just one of the many reasons to go mate. Welcome in advance!

[wintermeasures]

I'm glad that the Bangko Sentral ng Pilipinas ( Central Bank of the Philippines ) is now considering the use of bitcoin.  And I'm sure it will be implemented soon here in our country.
You may read the whole article below.
http://interaksyon.com/business/128696/ph-now-a-major-player-on-virtual-currency-usage---bsp-exec

I think a good development of bitcoin already began to be accepted by the bank, I hope to be followed by other banks from several countries. Thank you

[leonix007]

some people here in the philippines dont know about  BITCOIN

Yeah, and sad to say, they mistakenly thought that the word "Bitcoin" is a scam. 

[jossiel]

some people here in the philippines dont know about  BITCOIN

Yeah, and sad to say, they mistakenly thought that the word "Bitcoin" is a scam. 

Well we can't blame them since our country has a lot of scammers and other illegal activities that are occurs daily.
And most of the scams are through the web so they tend to think that bitcoin is just a scam, but they will see it in the end that it is not.

[lienfaye]

Never heard about this in the news but its a good thing that bitcoin will be consider by the government and people starting to recognize bitcoin. it would be great. im looking forward to that moment to happen.

[thejaytiesto]

Countries would benefit from using Bitcoin, but right now I don't think it's suitable. Until we have Lightning network working to accept massive volume, no amount of raise of the block size will solve anything in terms of dealing with massive volume of transactions.

[Babayega31]

I'm glad that the Bangko Sentral ng Pilipinas ( Central Bank of the Philippines ) is now considering the use of bitcoin.  And I'm sure it will be implemented soon here in our country.
You may read the whole article below.
http://interaksyon.com/business/128696/ph-now-a-major-player-on-virtual-currency-usage---bsp-exec

I think a good development of bitcoin already began to be accepted by the bank, I hope to be followed by other banks from several countries. Thank you

good news indeed for bitcoin slowly spreading in philipinnes and it can be a good step for more development in the future for bitcoin itself and for the users, but if the corrupt politician well enter the picture surely bitcoin life in phils well be rocky knowing their are many corrupt politician in philippines and they may take advantage of its anonimonity to curropt more money without trace.

[partysaurus]

the good news just keeps adding up , and the momentum just getting stronger and stronger

[pinkpanther03]

that is totally a good sign if bank are accepting it or adopting it too.  this will be a good to all of us in the philippines.