Philippines starting to accept and adopt cryptocurrency.

[Reid]

Yes. They got one exchange which is great and also serves the whole Asia.
Looks like they are going to bloom more when it comes to exchange from fiat to bitcoin, ETh and more.

I still suggest safety first though for anything could happen with exchange. It cannot be left there for a long time.

Cashing in and out is a good feature of it but you as a bitcoin owner should also see the risk when it using it as a storage.

[Caelanpelley]

A good information for electronic money. In the Philippines electronic money has expanded, there are many companies open to carry out electronic money transactions. So while the electronics market is down, we should not be too worried about their downfall. The market will recover quickly.

[zoeylee]

This would be a good news to every Pilipino about accepting and adopting crytocurrency. It means that we care now developing in terms of the advancement of technology.

[Harlod Benjamin]

IT is good new to hear.  IT is a proof showing that more countries are open into bitcoin, and crypto currency. THerefore I have more belief in bitcoin that the development of bitcoin  can meet my expectation, IT don'n make me disappointed

[wahyu wida]

IT is good new to hear.  IT is a proof showing that more countries are open into bitcoin, and crypto currency. THerefore I have more belief in bitcoin that the development of bitcoin  can meet my expectation, IT don'n make me disappointed

with confidence of many countries using crypto, of course it becomes a positive value for its development. Phillipina is a developing country, and i hope my country is like that too

[Btcjunpitz18]

Well, I am happy that my country Philippines is starting to accept cryptocurrency. I hope it will be continued to the next administration and find a way for a better future in crypto world.

[dupee419]

Wait, is there an actual link that Philippines really does approve cryptocurrency? I haven't seen any news about it since now, and if its true, then I think that citizens of Philippines would be happy and I think its time to rise up from poverty.

[Incodium Coin]

It's a big advantage for countries that have a big tourism industry to accept crypto. Tourism brings in huge sums of money to receiving countries, and accepting crypto will definitely increase national income earning. This is an interesting development.

[spongegar]

That is good news that more and more countries are joinin in on the crypto currency world. The fact that a collection of islands on the south east asia can do it, then i guess do can other more developed countries in the west can do it too. I jist hope we won't hear news of countries banning cryto currencies again.

[yusupjatigumilar]

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.

I hope that it will also affect both cryptocurrencies in other countries, not in the Philippines alone, and hopefully, not only in the Philippines can the government support cryptocurrencies. I hope that this can be followed by all countries in the world. for investors or the country itself because it can collect taxes from cryptocurrencies

[Indrawan77]

Its great to hear the news, I always very appreciate countries that want to try to adopted crypto, if the economic condition of each country is different, by trying to implemented a new thing then it will open new door to a better economic, and there are so many user in  Philippines that maybe could attract more user , so I think this is a very important thing for the citizen and crypto

[Vernfwiles]

Thats a great news to hear. They have always shared a positive view about crypto currency. It will have an impact on other Asian countries as well. Hope to see more countries start adopting crypto currency.

[cfif123]

that's very good news, hopefully hopefully with many countries that want to receive crypto like bitcoin, for the development of crypto currency it can run smoothly and countries that cannot receive bitcoin and other crypto can accept it as soon as possible

[BarneyXC]

It's a nice thing to know that, Philippines now are becoming more open into bitcoin and cryptocurrency business. Also this is a good news to all crypto enthusiasts who live in the country. This act will also encourage other governments towards crypto adoption.

[jbarcenas18]

Amazing, now that Philippines is recognizing the cryptocurrency in the country. In few years hoping that it would bloom its economy because of the crypto.

[Ycekezuv]

Well done.  It seems to me that soon all the developing countries will catch up and overtake the already developed ones!

[Crafts12]

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.

It is a great news especially for tge bitcoiners in that country. Honestly, I came from the Philippines and I may say that Philippines is really starting to adopt and accept bitcoin. As a matter of fact, some of the banks in here are accepting bitcoin ans exchange it in our currency. What you have stated above will bring enthusiast to the bitcoiners.

[xfaqs01]

this is one indication of mass adoption for cryptocurrencies, i liked it how the philippine government was open for new technologies like this and welcomes new investors despite the risk, i just hope theyd be able to produce bitcoin ATMs in major cities acrross the islands, that way the masses will become curious ang oriented.

[MTNAX]

I think this is good news, especially for people in the Philippines, they can easily exchange money in banks without fear. This can be used as an example for other countries too, so that other countries can also develop crypto and improve their country's economy.

[AdamRay]

The Philippines is a relatively small country and I do not overestimate it. I think it only affects the Crypto market in terms of extending the influence of blockchain technology. Anyway, that's a great signal and it gives us more confidence in Cryptocurrency. Investors in the Philippines felt safer investing in crypto.