Bitcoin News Involving Philippines

[drakker]

Kahapon nag cash in din ako sa coins through 7/11. Wala namang sinabi yung cashier na tignan niya muna phone ko. Bakit kaya? Baka next time pag ganyan hihinhi na sila ng I.D. pero ok lang naman sa akin yan. Pera kasi ang pinag uusapan diyan kaya siguro sumusunod lang din sila.

[Japinat]

Until no rules has been drafted and sign yet, we can continue to do like what we normally do. The laws that will be made is just to combat the illegal transactions online as required by the Anti Money Laundering Council and for sure the local exchanges where we convert our bitcoins into fiat will surely notify us once it's out for implementation.

[nagtatago]

Until no rules has been drafted and sign yet, we can continue to do like what we normally do. The laws that will be made is just to combat the illegal transactions online as required by the Anti Money Laundering Council and for sure the local exchanges where we convert our bitcoins into fiat will surely notify us once it's out for implementation.

Well let me do it for them.  http://www.coindesk.com/philippines-just-released-new-rules-bitcoin-exchanges/

There ya go.

Now see how easy it will be to buy and sell BTC without Govenment issued ID, your picture, selfie holding your ID, your proof of income, your monthly expected transaction amounts, and ultimately, your ITR will all be part of this wonderful regulation that so many here don't realize has put you right back into the hands or government.

[bettercrypto]

Until no rules has been drafted and sign yet, we can continue to do like what we normally do. The laws that will be made is just to combat the illegal transactions online as required by the Anti Money Laundering Council and for sure the local exchanges where we convert our bitcoins into fiat will surely notify us once it's out for implementation.

Well let me do it for them.  http://www.coindesk.com/philippines-just-released-new-rules-bitcoin-exchanges/

There ya go.

Now see how easy it will be to buy and sell BTC without Govenment issued ID, your picture, selfie holding your ID, your proof of income, your monthly expected transaction amounts, and ultimately, your ITR will all be part of this wonderful regulation that so many here don't realize has put you right back into the hands or government.

Ang tanong lang dito is, paano ung  mga kumikita or nagpapalit ng pera ng less than the amount na taxable by the government?  Automatically hindi sila matatax ng gobyerno tama ba? 
Mahirap na talaga bumili ng bitcoin if dadaan ka sa exchanges pero kung peer 2 peer, wala naman hassle.  Another thing yung kinakapatid ko nagsignup sa coins.ph, hinahanapan na ng source of income dun sa application.

[care2yak]

Ang tanong lang dito is, paano ung  mga kumikita or nagpapalit ng pera ng less than the amount na taxable by the government?  Automatically hindi sila matatax ng gobyerno tama ba? 
Mahirap na talaga bumili ng bitcoin if dadaan ka sa exchanges pero kung peer 2 peer, wala naman hassle.  Another thing yung kinakapatid ko nagsignup sa coins.ph, hinahanapan na ng source of income dun sa application.

susnod na lang siguro yan sa kung saan tax bracket siya mag fall under. kung dun siya sa low income, la na siyang tax. pero sa exchange, may charges na silang kinukuha dahil sila ang binabantayan ng gobyerno ngayon. yung mga charges na kinukuha sa atin, ginagamit na nila yan to cover yung mga taxes imposed sa kanila as remittance agent.

about dun sa friend mong nagsign up sa coins, sagutin na lang nya lahat ng possible sources: padala from abroad, payment sa pagtuturo online or whatever service ang nai-extend nya, commissions sa networking or direct selling business, mga ganun 

[nagtatago]

Ang tanong lang dito is, paano ung  mga kumikita or nagpapalit ng pera ng less than the amount na taxable by the government?  Automatically hindi sila matatax ng gobyerno tama ba? 
Mahirap na talaga bumili ng bitcoin if dadaan ka sa exchanges pero kung peer 2 peer, wala naman hassle.  Another thing yung kinakapatid ko nagsignup sa coins.ph, hinahanapan na ng source of income dun sa application.

Think local seller on localbitcoin. Maybe a capital gains tax on difference between cost basis and proceeds from his BTC sales. OR ,He may, after x number of transactions, be considered an Online Business". He will then have to register as a business and pay tax on his profit and report things,

local money changers are now also under regulation. This was passed a few months ago. But the difference is, money changers dealing in cash, over the counter do so discreetly, There is no third party i.e. Localcoins or the Blockchain keeping a ledger to prove transactions and in the case of local coins, prove the who did the transactions.

susnod na lang siguro yan sa kung saan tax bracket siya mag fall under. kung dun siya sa low income, la na siyang tax. pero sa exchange, may charges na silang kinukuha dahil sila ang binabantayan ng gobyerno ngayon. yung mga charges na kinukuha sa atin, ginagamit na nila yan to cover yung mga taxes imposed sa kanila as remittance agent.

about dun sa friend mong nagsign up sa coins, sagutin na lang nya lahat ng possible sources: padala from abroad, payment sa pagtuturo online or whatever service ang nai-extend nya, commissions sa networking or direct selling business, mga ganun 

I wonder if you can just make that claim without documentary evidence to support it such as Western Union remittance slip showing fund going to you etc.

[vashpj]

Maganda nga na ma regulate na talaga sa atin ng BSP ang exchange ng BTC para safe rin tayong mga gumagamit ng bitcoin sa mg online wallet na nilalagyan natin ng pera natin. Mahirap maghabol ng pera na bigla nalang nawawala pag ma hack or mang scam ang online wallet provider.

[zuyfg888]

Tama nga talaga iregulate to ng bangko sentral ng pilipinas, pero, mahirap kasi talaga kung kuhanin to ng bangko sentral ngg pilipinas. Unang una na, dahil baka magkaroon ng fees ang bitcoin exchanges? O kaya additional transaction fees kapag ginamit ang bitcoin na panggastos o pangshopping. Kailangan malaman natin muna an mangyayari

[jhenfelipe]

@OP ang ganda ng naisip mong thread, may nakuha agad akong balita. Hindi kasi ako aware in terms of cash in, yung mgdedeposit ng cash for bitcoin tulad noong sa 7/11 nga. Ngayon, nalaman ko na may mga changes pala at mahigpit na. Advantage ko lang na hindi ko kailangan pagdaanan yung ganun (as of now), pero syempre mabuti na din yung updated in case kailanganin.

P.S. sana patuloy na maging updated yung thread para sa mga bagong balita, tulong sa mga hindi updated. Thank you