Central of the Philippines Recognizes Bitcoin

[cryptojac17]

http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/

According to this article the Philippines’ Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states  sees the virtual currency’s potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.

Glad to hear that bitcoin has being introduce  by bangko sentral ng pilipinas and sees its merits to bitcoin..as a filipino i can see that this is a great start for filipinos to know the benefit of bitcoin and the impact of bitcoin to our future..digital money just like bitcoin or some other cryptos needs a big explaination to people who doesn't know everything about cryptocurrency..but if 75% of the population of the philippines would know the worth of bitcoins and start a research on how it works also start investing,mining,or traiding  most probably  its value pumps up so high,though not everyone could invest due to high value that almost reach to 300 thousand pesos per 1bitcoin..there is still a way to earn bitcoin for free..i also hear that there were different business owners who accept bitcoin..a very good news to all bitcoin holders.

Yeah the big rule of the bitcoin according to Philippine central bank is it revolutionized the remittances system they make faster and economical, that is why Philippine central bank give merit of BTC operators in the country and issue a policies which is encouraging environment to the BTC patrons and the purpose also security to BTC users.

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[goaldigger]

For real ? Ive just read about this topic today and im surprised. For us filipinos, this will become a great opportunity to focus on our cryptocurrencies. Keep on evolving

[DrGuns4Hands]

This is great I'm seeing new investors in bitcoin since it's being recognizes as one of payment system. and many rich people in the philippines would invest so expect the demand of bitcoin to increase also the price. SEA will be one of the reasons why bitcoin will goes to bubble anytime.

[Hamstead]

For real ? Ive just read about this topic today and im surprised. For us filipinos, this will become a great opportunity to focus on our cryptocurrencies. Keep on evolving

Believing that this would be a start of crypto involvement in our citizens. I know our people will have this as a great opportunity for us to earned more, instead of working all day in the farm. As it will be embrace by the community and having a support of the central banks, it could be possible that their will be a smooth operation in ou country.

[eagleman]

For real ? Ive just read about this topic today and im surprised. For us filipinos, this will become a great opportunity to focus on our cryptocurrencies. Keep on evolving

It's for real mate  and not only the Filipino's are happy about this news. Everyone that's involved and belongs to the crypto community are happy to see when there are news like this. And most of the Asian countries are now into bitcoin, Japan, China, North &South Korean, India and many more.

This is great I'm seeing new investors in bitcoin since it's being recognizes as one of payment system. and many rich people in the philippines would invest so expect the demand of bitcoin to increase also the price. SEA will be one of the reasons why bitcoin will goes to bubble anytime.

Many will invest but many will also raise their eyebrows on bitcoin especially those financial experts because they know the history of bitcoin but they can't deny it's growth.

[Japinat]

This is great I'm seeing new investors in bitcoin since it's being recognizes as one of payment system. and many rich people in the philippines would invest so expect the demand of bitcoin to increase also the price. SEA will be one of the reasons why bitcoin will goes to bubble anytime.

I hope people will be educated with bitcoin that is not a HYIP because majority of the people in the Philippines does not have the right idea about bitcoin.
They actually viewed it as an investment rather than a currency, but with this regulation by the government or the BSP in particular, I hope this will give them confidence to use and trust bitcoin in their transactions.

[btc_angela]

This is great I'm seeing new investors in bitcoin since it's being recognizes as one of payment system. and many rich people in the philippines would invest so expect the demand of bitcoin to increase also the price. SEA will be one of the reasons why bitcoin will goes to bubble anytime.

I hope people will be educated with bitcoin that is not a HYIP because majority of the people in the Philippines does not have the right idea about bitcoin.
They actually viewed it as an investment rather than a currency, but with this regulation by the government or the BSP in particular, I hope this will give them confidence to use and trust bitcoin in their transactions.

I think the Philippine Bitcoin Community is intelligent enough to know that bitcoin is now a HYIP because majority of Filipino earns through trading and signature campaigns. And I also disagree that many rich people in the Philippines are now into bitcoin, majority as in the casual investors, students or those in the IT sector. Well it will be good if someone very rich buy a lot of bitcoin from the Philippines, but is not the case. Only casual investors are into bitcoin right now. So high profile personality that I have seen or heard are into bitcoin from the Philippines.

[adiksau0414]

Never heard the news but it would be a huge change to the Philippines.  Maybe because of what Alibaba's founder said and advice to our government about e-commerce. Bitcoin is still new to our country and a small part of our population knew what or how does bitcoin moves in the market. Does it MEAN it will be legalize to our country or maybe tax will be implemented to transaction that uses bitcoin?  If ever,  those tax will be a big help to our economy to raise more funds.  And one more thing maybe corruption will be eliminate as of the founder said.

[Chanock]

http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/

According to this article the Philippines’ Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states  sees the virtual currency’s potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.

Yes you are correct. It happen because of bitcoin remittances in central bank. They notice that the bitcoin remittances monthly is around 2 million dollar why bitcoin is recognized by the central bank and it contribute in financial inclusion which is come up on traditional financial solution that hard to provide. Now the central bank come up to a new regulation to legalized cryptocurrencies in Philippines and they create a cryptocurrencies platform operator that will hold all crypto currencies and they're accountable for anti-money laundering initiatives among others.

[usekevin]

This is great I'm seeing new investors in bitcoin since it's being recognizes as one of payment system. and many rich people in the philippines would invest so expect the demand of bitcoin to increase also the price. SEA will be one of the reasons why bitcoin will goes to bubble anytime.

It is very excited to here this news from you.The reason for world economy is Based on philippines. Philippines is the one of the Country where money is not all matters.Now the more investor will come from philippines. They  will use to play with money. Now they get into the Game   .So,the Game will move  to thriller portion .Any thing may happen. By this ,the price of bitcoin may raise 10k$ with in this year.

[sunsilk]

Never heard the news but it would be a huge change to the Philippines. 

If you don't know, bitcoin in the Philippines is already popular and there are thousands of Filipino's that are now into crypto currency.

The progress of bitcoin in the Philippines is rapidly growing and that's why the Central Bank recognizes it and they have made a decision to support bitcoin but still they are giving a warning to everyone that bitcoin shouldn't be used in illegal way.

Maybe because of what Alibaba's founder said and advice to our government about e-commerce.

Even before without Jack Ma, bitcoin is popular already in Philippines.

Bitcoin is still new to our country and a small part of our population knew what or how does bitcoin moves in the market.

In what country do you live?

Does it MEAN it will be legalize to our country or maybe tax will be implemented to transaction that uses bitcoin? 

It all depends to the decision of your country's government.

If ever,  those tax will be a big help to our economy to raise more funds. 

Yes, that's a reason why they are recognizing and supporting bitcoin.

And one more thing maybe corruption will be eliminate as of the founder said.

That's why they are reminding their people to use it properly.

[princesspoppy]

It is a great opportunity for Filipino Bitcoin members to be recognized by Central Bank of the Philippines because not all people know about what bitcoin is and not all Filipinos can be pleased that bitcoin is not a scam, but now that it is recognized by the Central Bank, it is a great opportunity for Bitcoin to prove that it is true and reliable source of money and income and that it can help people who wants to earn money even at home. They can also prove that lot of Filipino people are active in Bitcoin.

[jaaeeeyyyy]

Actually Philippines central bank approves two (2) btc exchange operators here in the philippines. The Bangko Sentral ng Pilipinas noticed the potential of this currency which can be the solution for payment conflicts accross the nation. Approving those operators will be the start of trusting digital currencies. And i hope that this will continue and time will come that everytime we pay products or services bitcoin is our medium.

[loreykyutt05]

This is great I'm seeing new investors in bitcoin since it's being recognizes as one of payment system. and many rich people in the philippines would invest so expect the demand of bitcoin to increase also the price. SEA will be one of the reasons why bitcoin will goes to bubble anytime.

wow the economy of the philippines has been doing good because of bitcoins , national media has also acknowledged bitcoins and as far as I remember almost 1 million dollars was being  transacted to the philippines daily by the means of bitcoin ! amazing isn't it ?

[eloymjb]

 i am a filipino and proud to what bangko sentral ng pilipinas did. they see the potential of bitcoin in our community thats why they recognize it and started to promote in our country. i hope that bitcoin can help our economy to grow and reduce jobless people in our beloved country.

[etraderhart]

Most of the country's GDP relies in remittance from OFW . For the past few years, the Central Bank has been monitoring the trade of bitcoin and was able tor ecord a great deal of money being circulated in and out of the country. Also, the executives of exchange companies and the directors of the central bank are in good terms and an call their relationship as 'friends'. The executives have been complying very well to the point that the central bank trusts that as long as there is a proper regulatory model, corruption and moeny laundering through digital currency could be avoided.

[yojodojo21]

There are also reasons why bitcoin is accepted in Philippines and is acknowledged by the Bangko sentral ng Pilipinas.
 The main reason is that Philippine is lacking of employer and bitcoin is the solution to all Jobless people who is capable of understanding crypto currency. Eventually Philippine is fighting terrorist and soldiers need finance to win the battle, bitcoin is a good source of income, and is very helpful. Philippine President cannot take the responsibility in every aspect of problems of the Philippines. So a good news to Filipino citizens.

[ajiejot]

http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/

According to this article the Philippines’ Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states  sees the virtual currency’s potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.

This is really good news, specially for the filipino people. Also in newspapers, bitcoin also is there, some local newspapers here in Philippines. Later this month, news about crypto currencies are being on the trend, also in different social medias. Hope bitcoin will be popular and legalized here in Philippines.

[Ejanend]

There are also reasons why bitcoin is accepted in Philippines and is acknowledged by the Bangko sentral ng Pilipinas.
 The main reason is that Philippine is lacking of employer and bitcoin is the solution to all Jobless people who is capable of understanding crypto currency. Eventually Philippine is fighting terrorist and soldiers need finance to win the battle, bitcoin is a good source of income, and is very helpful. Philippine President cannot take the responsibility in every aspect of problems of the Philippines. So a good news to Filipino citizens.

Yeah you are right the bitcoin and the crypto currency is now acceptable and the value of the bitcoin get more and more high. It is the value of the bitcoin that has gone high just by increasing the value and the importance of the bitcoin as the wealth and the power of the bitcoin increasing price, he hold of the bitcoin is the best thing for a lot of the people. I use to buy and want to make the bitcoin for all of us.

[el kaka22]

Never heard the news but it would be a huge change to the Philippines.  Maybe because of what Alibaba's founder said and advice to our government about e-commerce. Bitcoin is still new to our country and a small part of our population knew what or how does bitcoin moves in the market. Does it MEAN it will be legalize to our country or maybe tax will be implemented to transaction that uses bitcoin?  If ever,  those tax will be a big help to our economy to raise more funds.  And one more thing maybe corruption will be eliminate as of the founder said.

This happened very early this year and since then it has been a very sweet turnaround and a huge change for the Philippines.

It is necessary for governments to start realizing the benefits this has to create and find a way to make it beneficial for both the people and the government itself. Overtime as we keep seeing more adoption, we will keep seeing huge news surrounding the currency and then you will find out in your country that it has become massive than even you can imagine.