One country in Asia to develop bitcoin transactions legally

[braZZers123]

In many countries, they do not refer to bitcoin in any way, because there are no relevant documents. In many countries these documents are already being developed, in others they strictly prohibit the use of bitcoin, it seems to me that the society will still come to a common opinion, but later.

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[Vannie12]

It's been years that central bank of the Philippines said that bitcoint can be use. With them planning to regulate it, I do hope that taxes and fees are fair to maintain bitcoin's main purpose ( cheaper and faster transactions ).

Filipinos are great adaptors. When they here new tech, for sure they will be all equipped. Small market is not a problem.

But I think crime rate will increase again. Currently, there are so many cases of scam here. And I don't doubt that bitcoin can be a tool for evil once bitcoin bacome more popular.

[shi07]

The Philippines has one of Asia’s most complete Bitcoin platforms which enables users to settle any money-related bills, payments, and transfers with Bitcoin.Bitcoin platforms, including Coins.ph, BuyBitcoin.ph and Rebit.ph, are popular in the Philippines.

[okchain]

This is definitely good news for bitcoin investors because it shows that countries really accept bitcoin, which is the only way for bitcoin to move towards greater growth.

[bitcoinfrings]

Japan is really giving Cryptos a good push..

[gambitcoin53]

Currently, Philippines have 2 trading platforms have approved by the BSP or Central Bank of the Philippines, and these are Coins.ph and Rebittance.

If the government will get in the picture, whats the use of decentralization? Hope the review of the SEC would be a WIN-Win situation to all Filipino traders.

if any government will start to meddle with bitcoin having it centralized in nature would not be easy for now, as bitcoin being volatile in nature, even government cannot fix it, as in no one. volatility is dictated by demand and supply, i think the only thing that the government can do is to make a law or guidelines in trading or educate people to be aware of scams , limit or regulate merchants and physical store in accepting bitcoin, i think that is what they meant when they said they will develop bitcoin transactions legally, no country can reverse decentralization of bitcoin. no one can make it illegal nor they can legalized it. only the transactions, for the protection of bitcoin users and holders and not bitcoin as a whole.

[CherRic]

As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

That's a good news for the people in the Philippines because their government sees Bitcoin as a beneficial investment. They are providing their people with options in investment. They see Bitcoin as a good way of helping people to earn better and earn more. Actually, they also have this called "coins.ph" where it accepts bitcoin and you can encash it directly to banks and other money agencies.

[hghcoin]

After all the bad news from China, Korea and Indonesia, I am quite surprise with this moves of Philippines.
Nevertheless, good to hear this news. I hope other countries will follow suit soon.

Other countries are also researching bitcoin, and they have no control over bitcoin, and they will not emulate bitcoin until thoroughly studied, and will only use bitcoin as a threat.

[1C6fV5DtakfKANLJ8GUV7hCaA]

This is good news. But hey, we're still behind. I consider us late bloomers. Hopefully our government won't do stupid things with regards to crypto.

[1C6fV5DtakfKANLJ8GUV7hCaA]

The Philippines has one of Asia’s most complete Bitcoin platforms which enables users to settle any money-related bills, payments, and transfers with Bitcoin.Bitcoin platforms, including Coins.ph, BuyBitcoin.ph and Rebit.ph, are popular in the Philippines.

I agree with that but the Philippines can't even start a crypto exchange such as Binance. Fees are like hell. Spread is too big. There are big monopolies and this practice is not good.

[AlphaWolf]

Now there is news that India is planning to ban bitcoin.

[AlexsanderGusev15]

 but do you care? I personally do not care. I do not live there and earn on bitcoins with pleasure

[TravelMug]

The Philippines has one of Asia’s most complete Bitcoin platforms which enables users to settle any money-related bills, payments, and transfers with Bitcoin.Bitcoin platforms, including Coins.ph, BuyBitcoin.ph and Rebit.ph, are popular in the Philippines.

I agree with that but the Philippines can't even start a crypto exchange such as Binance. Fees are like hell. Spread is too big. There are big monopolies and this practice is not good.

Currently, a well known trading platform in the Philippines is doing a beta testing of its trading exchanges,

https://coins.ph/blog/cx-first-digital-currency-exchange-philippines/

This will be a first as we all know that there are a lot of Filipinos who's into bitcoin and trading.

but do you care? I personally do not care. I do not live there and earn on bitcoins with pleasure

We all care because bitcoin is global. One country being friendly to crypto will bring positive news to the ecosystem. I don't know where you hate is coming from. But that's one attitude I will advise you to change mate.

[elusive1]

I agree, to all holders of bitcoins really need some good news. Let's create a positive news background about bitcoin, As do the big players in this market

[vitalife555]

  The market is very boring in a depressive, volatility is falling every day.
There was a situation where only bears waiting for a miracle remained on the market.
The bears create a situation of hindering people's interest in investing and being afraid of trading crypto-currencies as a fire.

Big traders should arouse the interest of ordinary people. This will give an influx of new money into bitcoin and other coins

[ejswift]

As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

an example of country is philippines because in my opinion many people live in philippines that are using thiscrypto especially me im a filipino too so thats why i know its legal in philippines

[AlexsanderGusev15]

Hello. I work on investment projects. I advise everyone to join, because projects are time-tested

[yuukireit]

that was nicely to hear that
there is still many asian country didn't accepted bitcoin
hope Philippine can be a good example for any asian country, the exact place in the south east asian region

[nara1892]

It is nice to hear good news from a country in Asia because I think it's not so popular there. So if there are many countries that accept bitcoin as a legal currency, I think there will be more countries in Asia would do the same thing.

[Sar elok]

As part of my advocacy to share good news about bitcoin.


A good push from one country in asia in planning to develop bitcoin

http://news.abs-cbn.com/business/01/29/18/philippines-to-develop-rules-on-cryptocurrency-trading

We bitcoin users surely need this, hoping this will jumpstart many country across the world in acceptance of bitcoin. Let us  repost this so everyone can help bitcoin to gain legalities and legitimacy.

Great news. Expect more in the future other countries follow the steps taken Philippine Government and hoped all countries can be legalized and the legitimacy of the bitcoin in his country