Philippines to develop rules on cryptocurrency trading?

[blue08]

MANILA (Reuters) - The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.  The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalised this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection.

“We need to act because initial coin offerings (ICOs) are sprouting especially in 2017. We want to come up with our own set of regulations,” Aquino told a news conference. “You have to be extra careful how investors in this new space are protected.”
Authorities around the world, particularly in Asia, have attempted to rein in the global boom in trading bitcoin and other cryptocurrencies - a form of digital money created and maintained by its users.

Chinese authorities have banned initial coin offerings and shut down local trading platforms, while South Korea - where speculation on cryptocurrencies is also rife - is working on plans to ban virtual coin exchanges.

The regulation on ICOs will include guidelines on cybersecurity of cryptocurrency markets, eligibility of issuers including the officials and technology utilized, and financial literacy of investors, Aquino said.

The corporate regulator has yet to approve any public sale of cryptocurrencies and is investigating unlicensed sellers.
“Unfortunately, there have been a lot of cases where ICO promoters vanish into thin air. We don’t want that to happen here,” Aquino said.
Hackers last week stole $530 million worth of digital money from Tokyo-based cryptocurrency exchange Coincheck Inc in one of the biggest-ever thefts of digital money.  (source:  https://www.reuters.com/article/us-philippines-cryptocurrency/philippines-to-develop-rules-on-cryptocurrency-trading-idUSKBN1FI0NK)

Kung tuluyang mang sususportahan ng gobyerno natin ang cryptocurrency at magbigay sila ng conditions sana naman ung makakaya ng masang Pilipino at hindi lang ng mga nakakaangat. At sana isipin nila namakakatulong ito mga Pilipino kahit anumamg estado ng kanilang pamumuhay at hindi lang tulad nilang mayayaman.

Sang ayon ako sa sinabi mo. Kasi sa patakaran ng gobyerno, kalimitan, kung sino lang yung mga mayayaman, sila sila lang yung nagpapayaman. At yung mga mahihirap, lalo nilang pinahihirap ang buhay. At sana huwag naman ganon kalaki ang tax na ipapatong nila sa mga kumikita sa cryptocurrency.

[Chyzy101]

medyo naguguluhan pa ako sa ibig sabihin ng gagawin nilang ito kasi kung ang mga ico ang ireregulate nila hindi ppwede kasi ganun ang mga coins e  deregulated. pero kung ang ireregulate nila  e ang mga kunektado sa mga transactions ppwede siguro ito.

[JeramiParan]

Dapat lang na magkaroon nang rules tungkol sa cryptocurrency sa bansa, para meron guide at hindi maabuso ang cryptocurrency pagdating nang panahon, mabuti nang sa simula palang meron nang batayan.

[Marcogwapo]

Kung maging legal na ang cryptocurrency at ang gobyerno na ang maghahawak ok yun kaso wag lang sanag abusuhin ng gobyerno baka nanaman maglagay sila ng malalaking tax.

[rodney0101]

Napakagandang balita neto kung tutuusin kase makakatulong ito sa mga kababayan nateng walang mahanap na trabaho o yung mga di makapagtrabaho sa labas ng bahay. At pwede pa silang yumaman sa crypto, dapat lang ay ipalaganap ang tamang proseso kung paano mag simula o pumasok sa crypto world.

[iamlds08]

MANILA (Reuters) - The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.  The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalised this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection.

“We need to act because initial coin offerings (ICOs) are sprouting especially in 2017. We want to come up with our own set of regulations,” Aquino told a news conference. “You have to be extra careful how investors in this new space are protected.”
Authorities around the world, particularly in Asia, have attempted to rein in the global boom in trading bitcoin and other cryptocurrencies - a form of digital money created and maintained by its users.

Chinese authorities have banned initial coin offerings and shut down local trading platforms, while South Korea - where speculation on cryptocurrencies is also rife - is working on plans to ban virtual coin exchanges.

The regulation on ICOs will include guidelines on cybersecurity of cryptocurrency markets, eligibility of issuers including the officials and technology utilized, and financial literacy of investors, Aquino said.

The corporate regulator has yet to approve any public sale of cryptocurrencies and is investigating unlicensed sellers.
“Unfortunately, there have been a lot of cases where ICO promoters vanish into thin air. We don’t want that to happen here,” Aquino said.
Hackers last week stole $530 million worth of digital money from Tokyo-based cryptocurrency exchange Coincheck Inc in one of the biggest-ever thefts of digital money.  (source:  https://www.reuters.com/article/us-philippines-cryptocurrency/philippines-to-develop-rules-on-cryptocurrency-trading-idUSKBN1FI0NK)

investing on icos is a self act. no one to be blame if you got scammed by the team because you have invested in a hoax company. it means nagkamali ka ng pinag investan and mali ka ng research as if naman may pumilit sayo mag invest. hacking and phishing maybe pwede pa. pero icos napakahirap iregulate nyan kase yung mga ponzi networking schemes nga nakakalusot icos pa kaya?

[Arkham Knight]

Magandang hakbang pero sana wala namang kapalit. Pakiramdam ko kasi ay papatawan na tayo ng buwis ng gobyerno sa mga kita natin sa pag-titrade. Pero kung napatupad  ito ay nag-aalangan din ako na masilip ng mga kawatan ang mga malakas kumita sa trading at ipa-kidnap for ransom. Sana naman huwag mangyari iyon.

[Mypanara19]

MANILA (Reuters) - The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.  The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalised this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection.

“We need to act because initial coin offerings (ICOs) are sprouting especially in 2017. We want to come up with our own set of regulations,” Aquino told a news conference. “You have to be extra careful how investors in this new space are protected.”
Authorities around the world, particularly in Asia, have attempted to rein in the global boom in trading bitcoin and other cryptocurrencies - a form of digital money created and maintained by its users.

The regulation on ICOs will include guidelines on cybersecurity of cryptocurrency markets, eligibility of issuers including the officials and technology utilized, and financial literacy of investors, Aquino said.

The corporate regulator has yet to approve any public sale of cryptocurrencies and is investigating unlicensed sellers.
“Unfortunately, there have been a lot of cases where ICO promoters vanish into thin air. We don’t want that to happen here,” Aquino said.
Hackers last week stole $530 million worth of digital money from Tokyo-based cryptocurrency exchange Coincheck Inc in one of the biggest-ever thefts of digital money.  (source:  https://www.reuters.com/article/us-philippines-cryptocurrency/philippines-to-develop-rules-on-cryptocurrency-trading-idUSKBN1FI0NK)

Am quite skeptical with this news update regarding icos and cryptocurrency. I often have this notion na once nakialam ang ahensya ng gobyerno o isang politiko sa isang bagay o isyu na may involve na pera mas nagiging complicated ang bagay2 imbes na mas maging smooth o maayos ang sitwasyon. I just hope na pag mangyari nga ito mas ipriority ang security at mga bagay na magbibigay ng benefits sa lahat ng pilipino at taong involve sa cryptocurrency kesa ang mga pang personal nilang motibo at kapritso.

[chickenado]

MANILA (Reuters) - The Philippines’ Securities and Exchange Commission said on Monday it is crafting rules to regulate cryptocurrency transactions to protect investors and reduce the risk of fraud.  The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalised this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection.

“We need to act because initial coin offerings (ICOs) are sprouting especially in 2017. We want to come up with our own set of regulations,” Aquino told a news conference. “You have to be extra careful how investors in this new space are protected.”
Authorities around the world, particularly in Asia, have attempted to rein in the global boom in trading bitcoin and other cryptocurrencies - a form of digital money created and maintained by its users.

Chinese authorities have banned initial coin offerings and shut down local trading platforms, while South Korea - where speculation on cryptocurrencies is also rife - is working on plans to ban virtual coin exchanges.

The regulation on ICOs will include guidelines on cybersecurity of cryptocurrency markets, eligibility of issuers including the officials and technology utilized, and financial literacy of investors, Aquino said.

The corporate regulator has yet to approve any public sale of cryptocurrencies and is investigating unlicensed sellers.
“Unfortunately, there have been a lot of cases where ICO promoters vanish into thin air. We don’t want that to happen here,” Aquino said.
Hackers last week stole $530 million worth of digital money from Tokyo-based cryptocurrency exchange Coincheck Inc in one of the biggest-ever thefts of digital money.  (source:  https://www.reuters.com/article/us-philippines-cryptocurrency/philippines-to-develop-rules-on-cryptocurrency-trading-idUSKBN1FI0NK)

Matagal na itong usapin na ito, this was during the incidents where ang pangalan ng bitcoin ay ginamit ng mga scammers para makapera sa kapwa kaakibat sa pangyayaring ito ang sec at ilang sangay ng gobyerno ay nagpatupad ng regulasyon para maprotektahan ang mga mamayan laban sa mga taong ginagamit ang cryptocurrency para mang lamang ng kapwa.

[singlebit]

Mas ok kung affordable sa lahat ng uri ng mga pinoy na abot kaya karaniwan sa mga bago pa lang na susubok sa larangan ng trading in cryptocurrency at di mag dulot ng masama sa mga kabanayan natin na nais din umunlad.

[biboy]

Mas ok kung affordable sa lahat ng uri ng mga pinoy na abot kaya karaniwan sa mga bago pa lang na susubok sa larangan ng trading in cryptocurrency at di mag dulot ng masama sa mga kabanayan natin na nais din umunlad.

Lahat ng mga pinoy potential maging traders kasi mattyaga ang mga pinoy need lang nila ng basic knowledge para dito at kunting puhunan kasi alam niyo naman po ang kitaan sa Pinas di po ba, talagang need mo ng extra income at yong iba takot mag take ng risk dahil karamihan sa atin ay mga walang ipon.