Quote from: btvGainer on July 18, 2016, 08:48:52 PM

Quote from: groll on July 04, 2016, 04:53:55 AM

With the issue of hackers of amassing huge amount of money and the issues on Money Laundering the Banko Sentral ng Pilipinas (BSP) is looking forward to create a cyber surveillance division whose function is to monitor and implement virtual currency regulations in the country. Having seen the increase of bitcoin users in the country and the huge amount flowing in bitcoin activities, the government has included bitcoin in its watch list. Soon there will be regulations and policy covering bitcoin operations in the Philippines.

If it is true,it is good as bitcoin regulation will pave way for bitcoin related business to operate in friendly environment.It will also make people more attracted towards bitcoin

I don't think bitcoin regulations are going to be something that will attract people, but quite the opposite, but it all depends on how they implement/enforce them.
Anything they do to counter illicit use will fall under i think, because there will always be ways to bypass whatever they set in place.