Philippines Ready for Crypto Revolution?
A principal regulator in the Philippines has announced: The direction is for us to consider this so-called virtual currencies offerings as possible securities in which case we will apply the Securities Regulation Code, the countrys Commissioner, Emilio Aquino, of its Securities and Exchange Commission (PhSEC), signaled on 21 November. Movement towards proper legalization comes after much consideration and monitoring, along with consultation with its central bank.
Philippines Ready for Crypto Revolution?
Perhaps looking to its prosperous neighbor, Japan, the Philippines seems ready to welcome a cryptocurrency revolution within the archipelago.
Ano kaya ang effect nito sa inyong Bitcoin life?
Excerpt from Bitcoin.com:
https://news.bitcoin.com/philippines-move-in-direction-to-legalize-bitcoin-as-a-security/ handang handa para hindi na ito illegal mas magandang legal ito para hindi tayo mahuli at kailangan ding nating maging maingat sa mga illegal na bagay para hindi maloko at mahuli
bro kahit kailan hindi naging illegal ang bitcoin simula ng mag umpisa ito.
Pakibasa nalang para malaman mo na legal ang bitcoin.
To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Regulators from various jurisdictions are taking steps to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. For example, the Financial Crimes Enforcement Network (FinCEN), a bureau in the United States Treasury Department, issued non-binding guidance on how it characterizes certain activities involving virtual currencies.
Pwede mo din puntahan para malaman mo ang lahat tungkol sa bitcoin>>bitcoin.org
Yes sa pagkakaalam ko hindi naman naging ilegal ang bitcoin sa Pilipinas at accepted eto sa bank gaya ng Security bank kaya lang nagiging illegal sa paningin ng iba ay pag nahahaluan ng mga manlolokong scammers kaya patuloy lang tayong maging mapanuri at maingat sa lahat ng galaw natin dito.