Is it legal to use bitcoin in the philippines?

[queennathalia]

Legal but not officially announced yet. We can used on our country because we have a lot of business that can used bitcoin for payment to every transaction like Restaurants in makati, Billing Payment, Some hotel in near makati city. So we can considered bitcoin is legal.

[Jesabela04]

Yes, it is legal to use Bitcoins in the Philippines. If anything, the BSP ruling is a step that allows everyone to engage in bitcoin without fear of being classified as someone who doesn’t use traditional currency (AKA the Peso). It is a step towards acceptance. Also, it is a way of telling us that we can deal with bitcoins if we want.

Bitcoin is legal in the Philippines because there is actually no need of reasons to ban it. Bitcoin is useful and is legitimate for faster transactions so countries are accepting it. The Philippines benefit a lot from bitcoin because of it's legality and advantages.

[Gontxi]

Yes, it is legal to use Bitcoins in the Philippines. If anything, the BSP ruling is a step that allows everyone to engage in bitcoin without fear of being classified as someone who doesn’t use traditional currency (AKA the Peso). It is a step towards acceptance. Also, it is a way of telling us that we can deal with bitcoins if we want.

I don't know, but in this forum there are a lot of Filipino people who become prize hunters, of course if I have to appreciate it in the legal Philippines. hopefully other Asian countries will follow.

[sh4dtechnr]

Everywhere it is legal to use Bitcoin. Where it may be prohibited, I don't know? But if even somewhere it is forbidden to use Bitcoin, then you can also use it unnoticed. No one controls the blockchain.

[Cactushrt]

Legal but not officially announced yet. We can used on our country because we have a lot of business that can used bitcoin for payment to every transaction like Restaurants in makati, Billing Payment, Some hotel in near makati city. So we can considered bitcoin is legal.

Yes but it's not possible that government or anyone can announce if bitcoin is legal in the philippines.

[antonhuda]

Bitcoin can be accepted anywhere, not just the Philippines. I think not all countries allow bitcoin, but everyone from various countries wants to use bitcoin for transactions in digital, thus saving time and effort.