11 new exchanges sa pilipinas

[acroman08]

Sa mga interesado sa bitcoin news. Philippine Central Bank approved 11 new cryptocurrency in addition to 37 approved by CEZA totaling to 48 exchanges in total.
link: https://www.cryptonewsz.com/philippine-central-bank-and-ceza-approves-48-cryptocurrency-exchanges/27932/

sa totoo lang di ko alam na ganto na karami ang approved na cryptocurrency exchange sa pilipinas.

[Theb]

Medyo nakaka-alarma yung dami ng inapproved nila na  bagong mga crypto exchange. Kung saan ang ibang bansa mahirap ang screening process at heavily monitored ang mga crypto exchanges nila tayo naman pumapasa ng halos isang dozena na bagong exchange. Wala naman ako pake masyado sa mangyayaring competition pero yung ina-alala ko king paano nila mababantayan lahat ito na ngayon mas madami pa sila compared sa mga stock brokerage services na meron tayo. I know these companies are heavily invested in CEZA but I wouldn't allow my money to be a test subject with these new trading services.

[rosezionjohn]

Sa dami ng inaprubahan, malamang ay magiging cryptocurrency exchange hub ng Southeast Asia ang Pilipinas in three to five years time. Wala naman siguro problema dun 

[serjent05]

Medyo nakaka-alarma yung dami ng inapproved nila na  bagong mga crypto exchange. Kung saan ang ibang bansa mahirap ang screening process at heavily monitored ang mga crypto exchanges nila tayo naman pumapasa ng halos isang dozena na bagong exchange. Wala naman ako pake masyado sa mangyayaring competition pero yung ina-alala ko king paano nila mababantayan lahat ito na ngayon mas madami pa sila compared sa mga stock brokerage services na meron tayo. I know these companies are heavily invested in CEZA but I wouldn't allow my money to be a test subject with these new trading services.

Posible kayang me under the table dito?  Parang napakadali naman yatang magaprub ng CEZA ang mga exchanges na nag-aaply sa bansa.  Does this benefit Philippines to take advantage of the trend or possible the CEZA director is taking advantage of the craze to make his pocket fat?  Yun nga ang magiging problema sa sobrang dami, mahihirapan silang mamonitor ang mga activities nito.

Sa dami ng inaprubahan, malamang ay magiging cryptocurrency exchange hub ng Southeast Asia ang Pilipinas in three to five years time. Wala naman siguro problema dun  

Possible din na maraming maging sigalot dahil ang quality of screening eh mukhang mas mababa sa standard ng ibang bansa.  Though, looking at the bright side, masasabi natin na ang Pilipinas ay talagang cryptocurrency friendly  .

[harizen]

Central Bank will not just allow exchanges to operate easily. As far as the article stated:

It is difficult for anyone to obtain a license from BSP for any cryptocurrency related business. But the permission of CEZA comes with several restrictions as well.

Di rin natin masasabi na may anomalya sa mga new approved. Para lang sa info ng iba, yang approval is di ginawa overnight. It took long period sa ilan and dumaan sa nakahabang proseso. Present ang mga high authorities dyan including owners. Masyadong mahigpit ang BSP. If those exchanges able to comply to the requirements required by BSP or CEZA, then that's it. Registered companies na ang mga owners nyan and once magkaroon ng anomalya, lintek na abala ang mangyayari sa kanila.

Mas less risk pa nga gamitin ang mga yan compare sa unregulated global exchanges na kapag nagkaroon ng exit scam, walang habol ang mga users.

Ngayon if talagang worried, stick with those local exchanges na matagal na sa serbisyo. Ganun lang ka-simple.

BSP-registered VC exchanges are now required to put in place adequate safeguards to address the risks associated with VCs such as basic controls on anti-money laundering and terrorist financing, technology risk management and consumer protection.

[spadormie]

Forgive me pero bakit parang walang nakalagay na approved exchange sa may article? Is it me or wala talaga?

[mk4]

48 exchanges.. I assume na hindi local exchanges lahat ng to. Most likely parang mala-Binance move ung ginawa ng ibang exchanges, kung saan sa Malta sila lumipat. Dito nalang nagstart ng exchange platform ung mga kompanya kesa sa US para mas madali siguro silang maaprubahan.

If ever may mga local-focused exchanges jan, for sure mahihirapan sila talunin ang Coins.ph though.

[Theb]

~snip~

Posible kayang me under the table dito?  Parang napakadali naman yatang magaprub ng CEZA ang mga exchanges na nag-aaply sa bansa.  Does this benefit Philippines to take advantage of the trend or possible the CEZA director is taking advantage of the craze to make his pocket fat?  Yun nga ang magiging problema sa sobrang dami, mahihirapan silang mamonitor ang mga activities nito.

Possible pero di din natin masasabi kapag walang ebidensya eh. Siguro tinitake advantage lang nila yung "promised" investments na dumadating sa Pilipinas na sa pagkaka alam ko nasa 10 million dollars yung first target nila. With 11 new exchanges this will also give a lot of jobs for the Filipinos. Investment wise sa Pilipinas ayos sya pero ang ina-alala ko dito kung mag sa-suffer yung security and monitoring nila sa mga exchanges na ito which I know it will because you won't really know which exchange will be reliable when it comes to potential hacks.

[rosezionjohn]

Possible din na maraming maging sigalot dahil ang quality of screening eh mukhang mas mababa sa standard ng ibang bansa.

Huwag naman negative. Pwedeng behind tayo pagdating sa infrastructure pero huwag naman natin maliitin ang kakayahan ng mga opisyal na mag-sala sa mga aplikanteng palitan.

[Dreamchaser21]

48 exchanges.. I assume na hindi local exchanges lahat ng to. Most likely parang mala-Binance move ung ginawa ng ibang exchanges, kung saan sa Malta sila lumipat. Dito nalang nagstart ng exchange platform ung mga kompanya kesa sa US para mas madali siguro silang maaprubahan.

If ever may mga local-focused exchanges jan, for sure mahihirapan sila talunin ang Coins.ph though.

Ito din ang sa tingin ko kase established na si Coins.ph and trusted na ito while the new exchanges are hinde pa and most of those exchanges are operating outside the Philippines. Also mahirap din magkaroon ng local exchange lalo na kung hinde pa naman ito regulated ng BSP. Though this news is ok but hopefully mas madami pa ang mga pinoy na gumgamit ng cryptocurrency.

[mirakal]

Hopefully one of them can compete with coins pro and coins.ph.
They said more competition will lead to good service, and of course we all like better rates so hopefully these exchange can make a difference.

[mk4]

They said more competition will lead to good service, and of course we all like better rates so hopefully these exchange can make a difference.

Yep. Pretty much may monopoly ang Coins.ph sa Philippine markets dahil sure ako na minority lang ang gumagamit ng Abra. Hopefully may lumabas na competitor na may better rates vs Coins.ph. Nalalakihan ako masyado sa rates kaya napipilitan akong sa ibang tao magbenta.

[Bttzed03]

They said more competition will lead to good service, and of course we all like better rates so hopefully these exchange can make a difference.

Yep. Pretty much may monopoly ang Coins.ph sa Philippine markets dahil sure ako na minority lang ang gumagamit ng Abra. Hopefully may lumabas na competitor na may better rates vs Coins.ph. Nalalakihan ako masyado sa rates kaya napipilitan akong sa ibang tao magbenta.

That depends sa mentality ng mga Pinoy crypto users. Noong dinidiscuss ang ibang live na palitan dito as alternative sa coins.ph, the usual response is "bakit ka pa gagamit ng iba?" o kaya naman eh "dito na ako sa subok na".

[maxreish]

Forgive me pero bakit parang walang nakalagay na approved exchange sa may article? Is it me or wala talaga?

Sa ngayon po ay 11 lang po ang may permit galing po mismo sa Bangko Sentral ng Pilipinas.

Ito po yung may mga licensya as of june 2019


If you want to view the full image with full information, download it here as pdf.


To further know the updated lists of approved by BSP Virtual Exchanges Currency, read this kung sakaling gusto po ninyong basahin ang buong artikulo.

[mirakal]

They said more competition will lead to good service, and of course we all like better rates so hopefully these exchange can make a difference.

Yep. Pretty much may monopoly ang Coins.ph sa Philippine markets dahil sure ako na minority lang ang gumagamit ng Abra. Hopefully may lumabas na competitor na may better rates vs Coins.ph. Nalalakihan ako masyado sa rates kaya napipilitan akong sa ibang tao magbenta.

Actually people would not see the big difference in rate if they are just converting a small amount ( this is from the sellers side), but if you total all the amounts you converted, let's say for a year, that's when you realize that you loss a lot because of the big disparity between coins.ph and the standard rate.

The same goes with the buyers, you have to pay a bigger amount compared to the price in certain exchanges, they have the control so they'll take the most opportunity to maximize their profit.

[Shinpako09]

Rebit user ako, verified ang account ko dun and hindi sila ganun ka strict pagdating sa account at sa kung saan galing ang funds mo. Pero, majority ng bitcoiners sa Pinas coins.ph ang ginagamit. Sa dami ng bagong exchange site, kung gusto nila maka gain ng users, kelangan nilang taasan ang rates nila.

[samputin]

Rebit user ako, verified ang account ko dun and hindi sila ganun ka strict pagdating sa account at sa kung saan galing ang funds mo. Pero, majority ng bitcoiners sa Pinas coins.ph ang ginagamit. Sa dami ng bagong exchange site, kung gusto nila maka gain ng users, kelangan nilang taasan ang rates nila.

Naku. Matinding competition talaga ito. I mean, out of those 48 exchanges, they really have to have something that the other exchanges don't have. They have to stand out if they want to gain users—loyal users. Someone who will stick with their services in the  long run. But of course, it depends on what they can offer—something that can really attract people and meet their needs.
 

[julerz12]

They said more competition will lead to good service, and of course we all like better rates so hopefully these exchange can make a difference.

Yep. Pretty much may monopoly ang Coins.ph sa Philippine markets dahil sure ako na minority lang ang gumagamit ng Abra. Hopefully may lumabas na competitor na may better rates vs Coins.ph. Nalalakihan ako masyado sa rates kaya napipilitan akong sa ibang tao magbenta.

That depends sa mentality ng mga Pinoy crypto users. Noong dinidiscuss ang ibang live na palitan dito as alternative sa coins.ph, the usual response is "bakit ka pa gagamit ng iba?" o kaya naman eh "dito na ako sa subok na".

Subok naman na talaga ang coins.ph. Problema lamang sa kanila is yung malaking spread, high fees especially sa cash-outs at hindi buong kontrolado ng users ang wallets nila (walang private keys).
If any of those newly registered exchanges can come up with ideas or solutions on the current market problems, malamang magbabago pananaw ng mga kapwa natin Pinoy.
Hopefully, none of those exchanges would be profit-oriented and would opt for the well being of their users. 

[dark08]

They said more competition will lead to good service, and of course we all like better rates so hopefully these exchange can make a difference.

Yep. Pretty much may monopoly ang Coins.ph sa Philippine markets dahil sure ako na minority lang ang gumagamit ng Abra. Hopefully may lumabas na competitor na may better rates vs Coins.ph. Nalalakihan ako masyado sa rates kaya napipilitan akong sa ibang tao magbenta.

That depends sa mentality ng mga Pinoy crypto users. Noong dinidiscuss ang ibang live na palitan dito as alternative sa coins.ph, the usual response is "bakit ka pa gagamit ng iba?" o kaya naman eh "dito na ako sa subok na".

Subok naman na talaga ang coins.ph. Problema lamang sa kanila is yung malaking spread, high fees especially sa cash-outs at hindi buong kontrolado ng users ang wallets nila (walang private keys).
If any of those newly registered exchanges can come up with ideas or solutions on the current market problems, malamang magbabago pananaw ng mga kapwa natin Pinoy.
Hopefully, none of those exchanges would be profit-oriented and would opt for the well being of their users. 

Sa palagay ko din yan kasi ang hirap sa coins.ph kokonti na nga lang crypto user sa pilipinas ang layo pa ng pagitan ng buy and sell lalo na pag biglang taas ni Bitcoin kung magawan ng paraan ng mga bagong exchanges  ito malamang sa malamang maglipatan ito.

[mardaed]

Sa mga interesado sa bitcoin news. Philippine Central Bank approved 11 new cryptocurrency in addition to 37 approved by CEZA totaling to 48 exchanges in total.
link: https://www.cryptonewsz.com/philippine-central-bank-and-ceza-approves-48-cryptocurrency-exchanges/27932/

sa totoo lang di ko alam na ganto na karami ang approved na cryptocurrency exchange sa pilipinas.

Ayos to paps, ngayon ko lng alam to salamat sa pag post dito. Atleast dito sa pinas may exchanges na tayo. Sana suportahan to ng mga pinoy dito sa crpyto at maging successful sa dadating na araw.