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.
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.
. 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.