Will bitcoin be banned on Philippines?

[serverus]

I wish not. Cryptocurrency is a great help and a big opportunity for everyone to earn extra money.
 This is a great help for everyone who spend their time in front of computer.

[1713865555]

1713865555

[roxbit]

I wish not. Cryptocurrency is a great help and a big opportunity for everyone to earn extra money.
 This is a great help for everyone who spend their time in front of computer.

Yes, I hope it will not happen in the Philippines because many filipino bitcoiners will be affected. They should try to weigh things first before jumping into a decision to ban bitcoin. Sometimes it is always important to double check our  investment. It is a lesson to be learned that we should not trust our money to just any people. They should have known what is legit bitcoin transactions versus scams/fraud.

[henmark]

I think bitcoin in the Philippines are not totally banned because Government support bitcoin like taxes and people take advantages those who are not knowledge in botcoin they in courage to invest been g money like last April 2018 theirs a big scam in bitcoin so I think Government didn't banned bitcoin here in the Philippines but a lot of scam nowadays..

No the government of Philippine will not ban Bitcoin. They want to regulate bitcoin and will find a way to tax on Bitcoin through licensing of bitcoin traders. They will not banned on bitcoin because of few cases they wants to safe bitcoin and protect it for their professional traders they welcomed a crypto currency or bitcoin revolution .its simply they are allowed to exchange bitcoin or crypto currency into peso equivalent.

[Britanshio]

Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

Philippines is a nice place and a nice people so I don't think they entertained for this kind of online income to get banned.They will never do this and I'm sure of that.

[Boov]

Definitely not , never , why do I said that? , Bitcoin or cryptocurrentcy  are being monitored by sec, it will not cause any problem here in our country . As a financial managemtn student  I understand that crptos is other form of money as well as stocks it can be both . Government can track all your money with AMLA , so  wherever your money was put in right now, our government can detect it.

[Chrystora123]

already many frauds with this mode of profit without work like this, now have started to penetrate to cryptocurrency,
I'm not sure Bitcoin will banned because this, it's just the government and the police will announce to be careful of this type of investment...

[trako]

not enough reason to ban. because bitcoin is a currency that is very difficult to ban. people can buy and sell bitcoin in different ways. they can not get ahead of it.

[DMCR lah]

even the Philippines does not ban bitcoins but they Due to recent developments, Crypto is used as an investment scam, many other things are used as investment scams in the Philippines.

[royalfamily1000]

even the Philippines does not ban bitcoins but they Due to recent developments, Crypto is used as an investment scam, many other things are used as investment scams in the Philippines.

Yes,? no banning happen of bitcoin in the philippines, all of these are purely speculation and no strong evidence In fact there are some establishment in the philippines that accept  bitcoin as payment.

[fourpiece]

Bitcoin in the philippines is legal, no need to that one day they will banned it cause some ofw are using cryptocurrency (coins.ph) to send thier money in an easy way.

[turagsoy123456]

Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

No bitcoin will not banned in the Phililippines, because Philippines starting to accept bitcoin as legal tender in their country. And bitcoin is not the reason behined the scammed. Those couples are using the name of bitcoin to bait their victim's. And those couple are being interrogates by the law enforcement agencies.

[Dark Sky]

Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

No bitcoin will not banned in the Phililippines, because Philippines starting to accept bitcoin as legal tender in their country. And bitcoin is not the reason behined the scammed. Those couples are using the name of bitcoin to bait their victim's. And those couple are being interrogates by the law enforcement agencies.

Yes i think bitcoin will never banned in philippine because they ate accept bitcoin and that's why they are very succeed in this currency but if bitcoin banned in there so their people will never leave bitcoin.

[cedrixperez]

There are possibility that Philippines will banned crytptocurrency because of many news that many Filipinos has been scam by bitcoins scam investments but there's also a possibility that bitcoin will introduce by government because many Filipinos are jobless and bitcoin might be one of their source of income.

[Daboy_Lyle]

See how Philippine bitcoiner being greedy to get bitcoins. Bitcoin isn't easy to get or free that's why many people are makng scam sites or phising site. I'm not referring Philippine but for those all scammers.

[West0813]

The Philippine government is not making any move in banning bitcoin. So i think they will not ban it. They are only keep telling our people to always takecare. In investing in cryptocurrency.

[Bobocantik]

Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

Many of us has already heard of that news and bitcoin has been making a wide noise within the country. I don't think bitcoin will be banned in the Philippines still knowing that a lot of investors are already putting all their money on it which makes the country benefit from it. Maybe the users will be influenced not to use it anymore but still many people will keep on supporting.

[Labajah]

Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

bitcoin cannot be banned in the Philippines. bitcoin was just being used in the scam that happened. too bad butcoin wasthe subject of the scam. it’s not bitcoin’s fault. it the couple that used bitcoin in order for them to scam people.

[reynilynedago]

Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

In the Philippines its always happens to people who wan't money but the government don't  have too much action for that because they did not break it and banning bitcoin in Philippines unlikely to happen because the economy is not high enough to do that.

[amelitojr47]

its too far to imagine that Philippine Goverment will ban bitcoin, and some filipino where starting to know and use bitcoin to there daily transaction..

[The cure]

Over 900 Million  pesos worth of bitcoins been scammed.

Filipino couple amasses at least P900M in alleged Bitcoin scam.
MANILA, Philippines (UPDATED) – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10.
Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives – the police division in charge of high-stakes and high-profile crimes – in Vigan City last April 4 through an entrapment operation.

The scam, Obusan said, is structured like a pyramid scheme but with electronic money.

The Ordonios apparently had middlemen who lured people to invest. They promised to pay victims with their earnings every 15 days.

Fueled by the worldwide Bitcoin hype, more and more people were baited by the Ordonio couple's promises.

The complaints started piling in when investors lost contact with the Ordonios.
Whats happened  next?
Around 50 angry victims stormed to Camp Crame on Tuesday, asking the couple if they could still get back the money they had hoped would grow.

Will bitcoin be banned because of that?

Since i heard and watched that news in television,i never even think that it could lead to bitcoin get banned in the philippines. Because,i know that there's a very smart and talented leader on that country,he also knows that there's so many filipinos who depends on bitcoin as a source for their daily living income.On that side,as a leader of that country,he will be a one big influence to never allow bitcoin getting banned.