Quote from: Kemarit on September 14, 2018, 02:54:29 PM

Quote from: buwaytress on September 13, 2018, 01:57:19 PM

Quote from: Kemarit on September 12, 2018, 05:55:59 PM

Quote from: buwaytress on September 12, 2018, 03:49:06 PM

Looks like they'll heat things up in ASEAN. I was fully expecting Malaysia or even Indonesia to organise themselves ahead of the Philippines, even though mainstream adoption (at least from what I can tell) is actually very much embedded in urban Philippines. Of course, this is probably because of the initial push from the PEZAs, not least from the Cagayan EZ.

Quote from: cblanquera on September 12, 2018, 03:27:21 AM

This one just came in 2 days ago. PDAX gets Virtual Currency Exchange license from BSP
https://medium.com/pdax/pdax-gets-virtual-currency-exchange-license-from-bsp-afb8a8dd5ff3

Is this going to be the first one outside of Cagayan with this specific licence, which if I recall will have over 10 exchange licenses issued already. All of these are sort of FDI, though, wonder when the first local exchange will come up. The central bank there definitely seems a lot quicker to decide, while those in Indonesia and Malaysia are playing cat and mouse, despite the change of leadership in the latter.

As far as PDAX, there's no clear date as of yet. But we still have our coins.ph trading platform to used as a "playing ground" for less experienced Filipino traders. Yes, it seems the BSP or Central Bank of the Philippines really wanted to push crypto/blockchain in the country ahead of many ASEAN nations, they wanted to be the first around the region to be the central hub. Indonesia and Malaysia are somewhat conservative though, perhaps undecided on still in the gray area, but sooner or later will they follow this trend among ASEAN neighbors so crypto is really a boom in the region.

Yeah, coins.ph has been a sturdy player, and Luno has been making its moves in all three countries, going so far as to have talks with both the central banks of Indonesia and Malaysia. But they've been strangely quiet this year after running user research in Indo and Msia, I can understand with the political changes there coinciding with the bear market, but with both also having formed informal "blockchain associations" I really thought they would move first. Adoption seemed to have started early there, with volumes at LBC peaking in 2016 and maintaining high levels in 2017. My personal feeling is that the FDI (including crypto related) was much higher in PH, and the existing close relationships with US but I thought Duterte in power meant lukewarm sentiments to those. Guess I was wrong!

Duterte really knows how to play in this game, LOL, US, China and Russia is his ground. And I think those people he put on critical economic and financial positions (sort of pro-crypto) really saw the potential of bitcoin and blockchain technology that's why the country is very open and welcome. Specially the cross border payments, if Filipinos working abroad would transact everything in crypto, would be a boom for the Philippines.

I think the Philippines is doing the right thing because this will have an impact on the economy there and maybe Crypto Indonesia experts will be part of the development of Philippine cryptocurrency like a project developed in Singapore which can be said that 25% of the team Indonesian people