Philippines as the first country in asia to regulate and accept cryptocurrency..

[cahbagus555]

I am believe cryptocurrency transaction in philiphine will increasing because this news. Philiphine government more open on cryptocurrency and i think its good for their citizen because their citizen have more option to invest their money.
Cryptocurrency is our economy future and philipine government can see it. Congrulation for philipines citizen and hopely my country issuing regulation too for cryptocurrency

[market-beta]

I am also pleased with the actions of the Philippine government that are taking steps to join the world of cryiptocurrency. I hope Philippine state action can be an example for other countries so do not be afraid or hesitate to join cryiptocurrency .

[newbie243]

wow,   what a great news indeed. I hope other countries in Asia will follow Philippines and accept cryptocurrency. I am really proud I am sure the bitcoin will rise up just like the philippines that is becoming richer in the business.

[idontcare]

A nice step and good start for the digital money (cryptocurrency) I hope those other countries will follow this step and accept the cryptocurrency.

I think so. If all the larger nations in the world need to accept Bitcoin and cryptocurrency like the Philippines then the whole world is certainly very close to the future. Every transaction will be simpler and faster

[Larva14]

I am pinoy to and I am very happy that Philippines accept the crytocurrency. For me crypto is a big help to my country. Because many of the people here have low income and they need some extra income. And crypto world can be a big extra income it can be done by part time or full time. And many of us is getting a big income here so thanks to the people behind it.

Yes, that's good news for us cause many Filipino have income now in bitcoin. I am so thankful to government of Philippines that accepted bitcoin here it is big help for us to earn money it can be done full time or part time job. I think many Filipinos now are interested to join in bitcoin.

[Vaskiy]

Though Philippines is a small country and were not that grown, people are much advanced in technology related activities. As a part is the recent regulated acceptance of bitcoin from Philippines. Also, it has got a increased number of user base as well scams with the names of bitcoin easily gets attention in Philippines.

[TheGodFather]

I am proud to tell all the members here my country the Philippines is the first to adapt and accept cryptocurrency being regulated by the government. As we all know that Philippines is greatly influenced by USA and that see something that USA has done on the cryptocurrency and quickly embrace cryptocurrency. The idea is to give license for local exchange to operate and in return clients doing crypto and fiat exchange should do one time intensive KYC that inludes linking facebook and collecting I.D even asking for billing address as to get a good cash in and cash out process. THe intensified KYC will determine the amount that you will going to exchange. Aside from that those ICO project should be registered in AMLA a government department concern on money laundering law. So this will cater and regulate possible abusive form in the use of cryptocurrency.

Well, as a Filipino I think that the Philippines has truly grown when it comes to experimenting and trying ideas that other countries might be benefitting from. I do think that with the current growth and action that bitcoin can provide not just to multinational and giant companies but also into the smaller investors and micro economy that it could make a greater impact here as a third world country and may catapult it into some degree of success

[Indra32]

The Philippines may be one of the first, but certainly not the first. Also, there is no comprehensive draft regulation so the road may still be bumpy after the government reviews this new fashion. Nevertheless, small steps are better than not taking any steps at all.
Did not the first Japanese openly organize and accept the bitcoin and other cryptocurrencies in their land? Japan has been in motion since the beginning of 2017, and it's very recent that the Central Bank of Philippines is organizing bitcoins and other cryptocurrencies in the hope of restricting fraud and money laundering in the country.

[kendra1107]

I am proud to tell all the members here my country the Philippines is the first to adapt and accept cryptocurrency being regulated by the government. As we all know that Philippines is greatly influenced by USA and that see something that USA has done on the cryptocurrency and quickly embrace cryptocurrency. The idea is to give license for local exchange to operate and in return clients doing crypto and fiat exchange should do one time intensive KYC that inludes linking facebook and collecting I.D even asking for billing address as to get a good cash in and cash out process. THe intensified KYC will determine the amount that you will going to exchange. Aside from that those ICO project should be registered in AMLA a government department concern on money laundering law. So this will cater and regulate possible abusive form in the use of cryptocurrency.

The only way to be able to move forward or economically advance is to accept or adapt changes particularly with technology. The crypto system is now considered to be one of the greatest invention or creation by mankind. And the Philippines, being a third world country need to embrace these kind of technology in order to catch up with this dynamic world. Kudos to the Philippine government for being open in accepting this great system! Yes there are regulations, but I believe these are placed in order to protect the people from any fraudulent acts or activities connected to crypto. A move that I believe is necessary in order to make things secure and legit.

[Brenda Karenn]

As far as I know, on 6 March 2014, Bangko Sentral ng Pilipinas (BSP) issued a statement on the risks associated with the business and use of bitcoin. However, earlier, on December 28, 2013, Reserve Bank of India Deputy Governor KC Chakrabarty announced that the Reserve Bank of India did not plan to adjust the bitcoin. So, the Philippines is not the first country in Asia to adjust and accept cryptocurrency money.

[hitrawal91]

The Philippines is really a lucky country and their citizens are enjoying the luck. Actually, I think is not fully because of luck. The government has taken a better step by considering the future technology and their growth and they also knew how bitcoin and other cryptocurrencies might boost their economy if the Bitcoin craze gets high demand in their country. One of my friend is from philippines and he recently told about this and we both are trading the cryptocurrency together, this time i am lucky to have a great friend like him.

[tonyosa]

It is good to hear such news coming from Philippines, It will greatly impacts its citizens in a positive way and also help attract cryptocurrency project to the Philippines.Congrats

[Willitivity]

That's a really good news for those into cryptocurrencies in Philippines and also to every other believer of Blockchain technology. With this, it will bring more knowledge about cryptos and also exposure, so many other persons will want to jump into the game.

[nazarovv]

I don;t think you country is the first as japan had openly accepted the use of bitcoin in their country earlier. anyways that's good for the citizens there as they have a crypto friendly government. I hope other countries are like this too

[cheezcarls]

As of now, I think there’s no news yet regarding implementing taxes on the Philippine cryptoverse. I wouldn’t mind paying taxes if its finally required, but it may take a long while for them to fully implement it. Plus, CEZA is now accepting crypto companies to operate in their area as long they meet the minimum requirements. This is a positive sign for those who are Filipinos engaging in the cryptoverse.

[lehuyaxib1]

Wow, that's really really good news for Philippines

[luigi3]

I think it was ,because our bank which is Philippines National Banks was looking to use it ,and also the popular banks here was looking to use a blockchain, and many branches here was totally accpeted bitcoin as a payment method so i`m glad to have here in the Philippines.

[superman99]

Good news for the Philippines. I know a lot of people there love cryptography and some people use bonuses and airdrop as some kind of work. I'm glad it was accepted there and the password will help some people in their lives

[onlygodknowsx]

great job and hope cryptocurrency is still going in the Philippines instead of banned hope cryptocurrency is more on business than other from now i start to learn more about this cryptocurrency as im a newbie when i learn i will teach my youngest brother so we can earn together and help to my mam and dad for financial

[ubay]

I think it's time for a big country to accept bitcoin as a legitimate payment tool because bitcoin technology is appropriate for use. Even though bitcoin is reported to have died hundreds of times, it still lives up to now.