Post
Topic
Board Economics
Re: Central of the Philippines Recognizes Bitcoin
by
Tubig
on 20/09/2017, 01:02:01 UTC
I'm from Philippines also. Yes its good news to us! Because many Filipino heard that news they might been interested to invest to bitcoin. So the price of bitcoin will pump to high.  What if big investor can read that and invest big money the bitcoin price go to the moon. Thanks to bank central ng pilipinas for publishing like that news. Many people the job is bitcoin and many (ofw) overseas Filipino workers the sideline in bitcoin. I think it will not end this year bitcoin will become popular in my country.
The bank recognizes bitcoin because bitcoin is becoming popular in the Philippines, and because poverty is a problem lots of Filipinos are willing and are interesed on how to earn in bitcoin. And as you said, its an advantage for the OFWs to transact using bitcoin because it has a low transaction fee. But I think the government will apply taxes to it so that they will also earn to the Filipinos industriousness.