Philippines starting to accept and adopt cryptocurrency.

[Blockfolioz]

Philippines being one among the country which has got a large number of cryptocurrency users compared to that of various countries that are well developed compared to Phillipines. With this such an adoption over Phillipines is no longer a big news. We need more countries to adopt and lead towards growth.

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[coinplus]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

Honestly it is the smartest decision any country can do. You are getting many companies working with up to billions of dollars in their exchanges and mines and so forth in crypto, if you accept them to your country and give them a crypto friendly environment to work within and help them out with any tax or governmental things you will be the winner in the end.

Best case scenario those companies will prosper in your country and pay millions of taxes every year, worse case scenario they will go bankrupt or get hacked and what not and you will get taxes from them for a while and than they will close shop and leave. In both cases you are the winner, you get taxes from them and make money thanks to them, why would any government ever say no to more taxes? Taxes makes what a country run properly and if you are getting more taxes you should always say yes.

[jademaxsuy]

Yes, and it is still counting more cryptocurrency to be available. This is a good news to to cryptocurrency for it will make the market more active in the near future.

It is not only the Philippines are announcing this one in fact canada also added some good local exchanges for the cryptocurrency. This will become for sure can turn a good impact in the market.

[hahay]

Adoption has taken place in several countries and means that crypto has begun to rise again with the adoption, if this adoption manages to make and improve the country's economy, then there will certainly be many countries following in its steps, with more and more countries adopting cryptocurrency, crypto growth is definitely it will be better and also the holding that we have done at least has a new spirit and of course the market will soon recover with positive issues like this.

[sheenshane]

Adoption has taken place in several countries and means that crypto has begun to rise again with the adoption, if this adoption manages to make and improve the country's economy, then there will certainly be many countries following in its steps, with more and more countries adopting cryptocurrency, crypto growth is definitely it will be better and also the holding that we have done at least has a new spirit and of course the market will soon recover with positive issues like this.

Hopefully, that will happen that other country will follow the steps of what in the country of the Philippines did. And I'm happy together with my fellow countrymen that we are allowed to use bitcoin(crypto), but still, there are some banks did not allow people to deposit their money that comes from a crypto source. But I fell that time to time governments and crypto will be united.

[Yantoaja]

I am also happy with the Philippines which is starting to accept BTC in their country. Because I, who also came from Southeast Asia, could not feel the impact like the government legalized BTC, because in my own country according to Wikipedia it is still illegal to circulate BTC, and I hope in the future my country can follow your country to accept BTC as a payment tool.

[taiwww]

Yeah , I have seen that most of the ICO's are also being created in the Philippines because that country is getting more and more crypto friendly. So off course we can judge from that Philippines are getting some more attentions and regulations being done.
Though they are saying around 5 crypto currency are being regulated in that country then also I would say it is completely positive about all the currencies out there. There is no such thing as regulating 5 crypto or 6 crypto. If government is showing positive spark about few of them then ulimtaley the market opens for almost all the currencies.

[EllieBasti05]

The first company who was approved in the Philippines was,

Betur Inc. known as Coins.ph which was given a license september  2017.
Second is the Rebittance Inc. was also approved Oct. 2017
The third one is Blossoms solutions approved last May 2018.
Etranss and Virtual Currency Philippines Inc approved also this year who was supporting bitcoin and etherium.

It's nice to know that after receiving negative comments due to investments scam last year, the government continue to accept companies to operate. It is the start of the digital currency era in the phils.

[yusupjatigumilar]

if the Philippines does this, then it will have a good impact on the weather of cryptocurrency investment, because that will increase the confidence of new investors to invest the money they have in cryptocurrency commodities, besides this will also make the Philippines more foreign exchange from taxes for every transaction of cryptocurrency that occurs

[crwth]

I think as long as the government gets their percentage, I think they are willing to take a different type of business, cryptocurrency related company, to grow here. We all know the cryptocurrency in the Philippines is just starting and a lot of people are starting to get into it here. The problem here in the Philippines, in my opinion, is the biased look at Bitcoin. Now and then I experience when I mention I know Bitcoin and I am pretty involved with it, they are worried and think that it's a scam because that's what they heard in the local news, and it's not true. I get easily frustrated with it knowing that it's the PEOPLE that use Bitcoin to scam people and not the technology itself. It's just really irritating, and a lot of people have closed their minds on it. I hope people would change their ways to the outward look on Bitcoin.

The first company who was approved in the Philippines was,

Betur Inc. known as Coins.ph which was given a license september  2017.
Second is the Rebittance Inc. was also approved Oct. 2017
The third one is Blossoms solutions approved last May 2018.
Etranss and Virtual Currency Philippines Inc approved also this year who was supporting bitcoin and etherium.

It's nice to know that after receiving negative comments due to investments scam last year, the government continue to accept companies to operate. It is the start of the digital currency era in the phils.

I was about to post what companies were accepted, and here it is, going to do some searching for this.

[arbifahrozy]

good news for countries in Southeast Asia such as Philippines has legalized crypto in his country and has licensed the company. I hope that many countries also follow such as Philippines, for example Indonesia, hopefully later they can also follow the footsteps of Philippines.

[yvesp110]

Yes, and it is still counting more cryptocurrency to be available. This is a good news to to cryptocurrency for it will make the market more active in the near future.

It is not only the Philippines are announcing this one in fact canada also added some good local exchanges for the cryptocurrency. This will become for sure can turn a good impact in the market.

Yes now cryptocurrency is being exchange all over the worlds as people are accepting it and getting benefit out of it, for me it is not new thing because Philippines has been found since long using bitcoin, cryptocurrency gives good resources of making well developed nations, right now almost all over the world several countries are accepting the reality of bitcoin, I am dreaming to see it as world currency.

[Dissident991]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

Is there information what exactly companies will get license? Will be among them SalPay or it's completely scammed?

[FosterSofia]

Nice to hear that many countries are starting to use cryptocurrency!

[nuninho]

A lot of countries getting adopt cryptocurrency. I think, good times are waiting for us.

[UNOE]

It is nice to hear that more and more countries accepting and adopting cryptocurrencies in businesses.
Did someone know which cryptocurrencies will be accepted there in Philippines?

[krishnaverma]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

This is a good trend. I have heard that there are a lot of freelancers in Philippines. Development of crypto will help these guys as well as it will help them accept payments from clients all over the world anonymously, Thus I am in favor of the development taking place there.

[hildacitra]

It sounds great because day by day Crypto currency is becoming well recognized and accepted in several countries. Philipphines perhaps realizes that Crypto currency is huge chance to improve economical or money service. I am expecting my own country will also hear and see the big opportunity of applying Crypto currency. While many countries use and accept Crypto currency, it will be maintaining the existence and continue improve.

[Vaculin]

Cryptocurrency transactions has been on the rise in the philippines.

They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.

With the current government administration they are starting to adopt and build even in the technological infrastructure.

In more years to come the country will be more open to blockchain technology like japan and other countries.

This is a good trend. I have heard that there are a lot of freelancers in Philippines. Development of crypto will help these guys as well as it will help them accept payments from clients all over the world anonymously, Thus I am in favor of the development taking place there.

Yes.I think this will be a good start for bitcoin in the Philippines.I'm sure many people will be excited about this knowing there are a lot of advantages cryptocurrency can bring.Hopefully it will bound to lasts long just like what fiat currencies did.

[bitcoin31]

Im from philippines and it"s good to here my country are accept more cryptocurrency. In my country crypto is still not a problem because a lot of govenment agencies supoorting this and it is good for crypto because it help to promote and price will possible to increase.