Post
Topic
Board Economics
Re: Philippines starting to accept and adopt cryptocurrency.
by
yvesp110
on 25/11/2018, 19:11:51 UTC
In more years to come the country will be more open to blockchain technology like japan and other countries.

i believe that eventually we will see majority of countries in the world do the same thing as Japan did last year and adopt bitcoin with ease but unfortunately this may take a couple of years since there is still a lot of resistance against adoption of something decentralized.
we are on a good path though. with most advanced countries already showing positivity towards bitcoin.
There would really be a resistance yet we know decentralized things should followed governments laws before they would be adopted.Good to see these positive steps but
I doubt they do accept this for the sake of taxation.I don't really see the need of having lots of exchangers on PH. They approved 5 exchange as of now but basing on the current number of users
in that country it is really just too much.
What's wrong with taxes? In my opinion, paying taxes is very important for the financing of the country and the progress of urban governance. You can see flowers that bloom in a beautiful garden because of the tax costs. Not even that. There are still many that we enjoy in a country or city because of taxes.
Yeah it is good to follow the rules and paying the tax on time is one the major rule that every country has, we should pay our tax on time, being careless is not good because it will make you a disrespectful citizen, pay tax it is your contributing to good nation, if you are not having money try to invest and accept the crypto currency it will give you more sources of making money and having profit to have good life same as Philippines.