Philippines is starting to accept bitcoin.

[newBIeT]

Well, with a Gross domestic product of 304,9 billion USD in 2016 and about 103,3 million people, I would think that this some

good news for Bitcoin.   ... The unemployment rate in July 2017 was estimated at 5.6 %... which is average in a global

sense. Bitcoin might even help to bring down that unemployment, if it is allowed to flourish. The average salary in the

Philippines is about $11,959.56 per year. The median salary in the Philippines is about $7,660.8 per year.  

 

I agree accrding to an article post by Trading Economics unemployment rate in the Philippines have been decreased by 1.3% since a year ago. Yet i really wondered how will the government monitor the filipinos who will be into btc as their job. Hmmm, will they ask the Department of Labor and Employment to penetrate the world of btc, and what would be the possibility that they will be getting reliable dati..

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[rave123wallz]

Now it is a good start here in the Philippines if bitcoin is starting to be of circulation around. So let us keep bitcoin to its high point so that it can help our locality.

[Tonygold1967]

Very good information, hope regulations will not be very strict.

[Yakapo]

Our country just recently held a seminar introducing bitcoin in our country. The said seminar were facilitated
by bitcoin experts and government officials in pursuit of using bitcoin as another form of payment and regulation of it as well.

http://www.wheninmanila.com/5-things-i-learned-about-bitcoin-and-cryptocurrency/

This is good news for the crypto community, we need Bitcoin to be accepted by as may governments as possible, legalizing BTC is the only way through which Bitcoin can reach its peak, hope more Asian governments will follow

[Daboy_Lyle]

Our country just recently held a seminar introducing bitcoin in our country. The said seminar were facilitated
by bitcoin experts and government officials in pursuit of using bitcoin as another form of payment and regulation of it as well.

http://www.wheninmanila.com/5-things-i-learned-about-bitcoin-and-cryptocurrency/

It's been already a long time that Philippines is accepting bitcoin. In Philippines there some shops that accepting bitcoin too. Even those utility supplier like energy, gas and many more they accept bitcoin as a payment.

[jhezmark]

Im glad to know the philippines will be accept the bitcoin and im glad to know bitcoin is became legalize in the philippines.
more power Bitcoiners.

[thanhhoian2016]

I am happy that Philipine accepted Bitcoin. But in Vietnam this is still prohibited

[jonas5222000]

Good news for all Filipinos and the others
In other thread o posted it and know i post it on this thread to know you why and how they accpted bitcoin

In my country the Philippines National Bank (PNB) was looking into use of bitcoin,i was wondering if it  can may affect the price of bitcoin?


TOP official of the Philippine National Bank (PNB) vows to study bitcoin amid Bangko Sentral ng Pilipinas (BSP) accepting stance on cryptocurrencies. PNB chair Flor Gozon Tarriela said they are looking at bitcoin and blockchain technology very cautiously but stressed the bank is not into it yet. “PNB will closely study the disruptions going on in the financial sector. We want to know more about the trends. We want to be aware of what is happening. But as to our plans to venture, we are not into it yet,” said Tarriela, adding that they are in the process of studying its dynamics and its possible effects to the banking business. A bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. While it recognized the potential benefits of virtual currencies as it facilitate the movement of funds at a much faster, cheaper, and convenient way, the BSP is equally cautious of the potential risks including illicit activities such as money laundering and terrorist financing.

It has advised the public that they have to be conscious of the opaqueness of transactions involving bitcoins. To minimize risks, the BSP encouraged existing and prospective virtual currency users to deal only with BSP-registered virtual currency exchanges and maintain only a sufficient amount of virtual currency enough to address transaction requirements. BSP warned that virtual currency users should properly secure their virtual currency holdings and observe security tips to protect the confidentiality and integrity of personal information and transaction details. “The BSP still has to issue regulations on this virtual currencies. But, we, in the banking industry advocate the know-your-customer first,” said Tarriela. PNB’s thrust this year is to go digital. Tarriela said they have launched mobile banking apps to cater to the needs of the tech-savvy market. “The way to go, really, is digital,” she said, adding that this will also help them reach out to the unbanked population.

Source : http://www.sunstar.com.ph/cebu/business/2018/03/09/pnb-looks-use-bitcoin-592675

[Troysen]

This is a good development, we hope more governments will take such steps towards accepting BTC, as it will help it realize its potential, BTC is still a new tech and still needs all the help it can possibly get

[xhoondilan]

Many Filipino now are so obsess by bitcoin, we use to take risk in order to have another source of profit so even if we gamble in many things we dont ignore all the opportunities available especially bitcoin. Sooner or later we Filipino will be the most bitcoin user in the world. 

[Lehbane]

It was accepted already when Bitcoin was introduced to Philippines, Philippines is an open country and  very friendly one, now it has taken it's step to properly introduced it to everyone who are interested.

[freneza]

This is a great way to meet Philippine's big dreams. With the help of Bitcoin, they entered the world of cryptography in all transactions, including the economy. Bitcoin's existence grew more than one step above it.

[hermawanda]

this is good news if the philippines actually receive and legalize bitcoin. users and investors in the Philippines can develop their business in the field of crypto well without having to conflict with the government. and it would be helpful if the government of the Philippines to support the digital currency.

[dammang]

Our country just recently held a seminar introducing bitcoin in our country. The said seminar were facilitated
by bitcoin experts and government officials in pursuit of using bitcoin as another form of payment and regulation of it as well.

http://www.wheninmanila.com/5-things-i-learned-about-bitcoin-and-cryptocurrency/

yes, bitcoin is really starting here in the Philippines and i know most of costumers what bitcoin have was those who want to invests..and i know bitcoin will entertain them most..but like me that is want to be part of bitcoin and want to be part of this program may be welcome so that in the near future investors and we members will be earn and make our life comfortable too like investors..thank you!

[jsscswan]

Exciting news because it can boost the popularity of bitcoin higher. This can be emulated by other countries in order to accept bitcoin, so bitcoin technology can be better understood by people who previously did not understand at all about bitcoin.

[antiokh.grishin]

Congratz Pinoy, it's a good news for Philippines bcuz i think payment by bitcoin is much better than cash or bank's card

[Jimile]

Philippines do everything right and lead a correct policy of bitcoin. other countries should take an example

[Cookie Man]

This is good news. The Philippines is a well populated country that will bring a lot to BTC, hopefully, other Asian countries will follow the steps and legalize BTC, Bitcoin needs all the help it can get now

[DreezHoly]

Bitcoin currently needs all the positve news it can get and this is such a good one at at the time when most states are banning crypto and regulating its activities, hope this trend continues as it will help BTC reach its full potential

[Tirdok]

the Philippines has the right policy regarding bitcoin. not bad if other countries do the same