Cryptocurrency Regulations - Philippines

[dianepot]

Philippines is now becoming a cryptofriendly, and this can help to boost their economy.
Despite of scams (Bitcoin Scam: https://bitpinas.com/news/php-900-million-bitcoin-scam-rocked-the-philippines/) happening around the Philippines they are still open for the possibility of adopting this technology, and the good news is Philippines is now granting a Licenses for the 3 crypto exchanges.

Here's the link: https://cointelegraph.com/news/philippine-special-economic-zone-grants-licenses-to-three-crypto-exchanges

I just hope that they will make a good regulations about this, and no politics involved about this thing.

This is really a good news to us crypto enthusiasts. But I do really hope government wont interfere about this. We all know how bad is politics situation here in our country. Riches become richer while poor becomes poorer.  This is really big help for normal people/families.

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[KorakPawon]

what a good news, right? seems like Asia is started to put attention and legalized crypto in some countries just like in philippines. When it happens, all country perhaps will also attracted to crypto, they try and then invest. Moreover, when bitcoin has been accepted by most country in the world, it means accepted by all wherever and whenever.

Talking about politics, i also agree about not to involved politics here, that's too much I guess.

[Baofeng]

Talking about politics, i also agree about not to involved politics here, that's too much I guess.

I guess countries accepting crypto has something to do with politics as well? I've noticed that countries in the free world or government that's liberal or democratic has the tendency to embrace crypto more than totalitarians nations. As much as Philippines politics is dirty, but I guess they're really heed to the call of their population that's why the country chooses to adopt or regulate because of the positive things in can bring to the people and the government (tax) as well.

[Seeker#9]

South east asian nations had a strict rules when it come to cryptocurrencies, majority of them did allow virtual coins to be use by thier citizens. But some of them like Singapore and the Philippines are fast becoming the newest cryptocurrency hub by allowing some business or fintech to set up their presence in their areas. The Philippines is on its way to be come one of best crypto hub in the years to come.