Re: Philippines as the first country in asia to regulate and accept cryptocurrency..
I am proud to tell all the members here my country the Philippines is the first to adapt and accept cryptocurrency being regulated by the government.
bitcoin is already regulated in other Asian countries though! even in China despite all the bullshit news, bitcoin has been regulated....not to mention Japan
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As we all know that Philippines is greatly influenced by USA and that see something that USA has done on the cryptocurrency and quickly embrace cryptocurrency.
there are a couple of things wrong with this statement.USA regulated bitcoin a very long time ago (i think it was 2012 or maybe before). additionally bitcoin has been a commodity there for years. Philippines just realized that and called bitcoin a "security". i wouldn't get too excited about something like that!
the only thing worth getting excited over is when they see bitcoin as a currency not something else.