#Philippines
- Cryptocurrency is supported by Central Bank Of the Philippines (BSP), Local Banks are now looking for block-chain technology and its usage (Unionbank), You can easily convert your bitcoin into fiat (PHP) by using local exchanges approved by BSP (Coins.ph and rebbit.ph), BTC to Fiat (PHP) conversion is regulated by BSP to follow AMLA (Anti Money Laundering Act), Bitcoin ATM's on Makati City, There is no ICO Regulation yet, No Tax on Bitcoin to Fiat (PHP) conversion.
Its more fun in the Philippines
- Cryptocurrency is supported by Central Bank Of the Philippines (BSP), Local Banks are now looking for block-chain technology and its usage (Unionbank), You can easily convert your bitcoin into fiat (PHP) by using local exchanges approved by BSP (Coins.ph and rebbit.ph), BTC to Fiat (PHP) conversion is regulated by BSP to follow AMLA (Anti Money Laundering Act), Bitcoin ATM's on Makati City, There is no ICO Regulation yet, No Tax on Bitcoin to Fiat (PHP) conversion.
Its more fun in the Philippines
It is good that BTC is supported by the government.
Differently, In my country, BTC is not supported or even it is not allowed and it will be banned by the government. The government will not allowed btc used for the transaction or others.