Quote from: orions.belt19 on July 23, 2018, 10:40:09 AM

Quote from: crzy on July 23, 2018, 01:46:57 AM

Quote from: ajochems on July 13, 2018, 08:35:21 PM

It will be the good news for the people in Philippines.This will enable the new people to inverse in bitcoin. It increase the demand of bitcoin in the market.If all the country ,start to regulate the bitcoin or make bitcoin as a legal tender.It will impact the price of bitcoin to the moon.

I believe on that too, regulations is what we need and we all know a lot of people are waiting for this kind of news from their own government. Making cryptocurrency as a legal tender needs more time but I'm sure we are heading to that.

Quote from: ruthbabe on July 13, 2018, 06:16:23 AM

You're very negative... "why we say we don't like government interference", what do you mean by "we"? Maybe YOU and not us. If the government did not interfere in these 3 exchanges, do you think they can operate? Who will issue their licenses, the NPA? There are still 70 companies that have already applied to operate in the Cagayan Economic Zone, is it not the government that will approve their application? If there's no government interference, where and how did they apply?

They really need to go under the legal procedure so they can operate legally in the Philippines, let's all be positive about this and hope that this will run smoothly.

I don't see why there's negative feedback from the government interference. The actions of the Philippine government are actually favorable to crypto users. This is better than the country declaring a ban. These licenses issued by CEZA actually legitimizes the business of these exchanges. This may even encourage and attract more investors since there are exchanges which have licenses. This will reduce the shady nature of crypto. Surely, this will pave the way towards better adoption of cryptocurrency in the country.

Its much better to be regulated than to be fully restricted or prohibited which its really an advantage for bitcoin or crypto users into this country. The thing is that the way they do handle out exchange business is becoming more stricter asking KYC which you wont really have any choice but to comply for you to use up their service.Users do increases over the years pass by due to the fact that crypto can really help up on their financial either as a main income or just a sideline.