[2017-02-16]Philippines To Regulate Bitcoin Activities

[Vladdirescu87]

As Bitcoin become more powerful and more widespread day by day, many countries are now considering the best ways of harbouring the cryptocurrency. The Philippines is the latest country to consider guidelines that will shape the development of a regulatory standard for Bitcoin.

It’s indeed a fact proven that non-regulation of Bitcoin activities in a country can be detrimental to that country’s economy in many ways. For this reason, a lot of countries have formed committees who can work out the best ways of allowing Bitcoin to stay in their country. This regulation, in most cases, has no effect on users dealing in small amounts of Bitcoin, but users moving thousands of Bitcoin across the border always find themselves dealing head-on with such regulation.

You can read the full article and take part in the discussion here: https://coinidol.com/philippines-to-regulate-bitcoin-activities/

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[richardsNY]

I prefer that the entire world will come up with regulations in the coming years so we can leave that behind and move forward. It's just a matter of time, but the annoying thing is that a lot people seem to think way too negative about these actions from governments, and start dumping as result. Basically every time we are going through a nice rush, spontaneously news articles with more regulations take the price back down. It's no surprise anymore, so this panic among traders needs to stop for once.