Post
Topic
Board Bitcoin Discussion
Re: AMA (Ask Me Anything): The current state of Bitcoin in the Philippines 🇵🇭
by
mk4
on 22/01/2019, 10:42:11 UTC
I read the government is not so supportive for cryptocurrencies and the blockchain technology. However, I can notice that the Philippines has a strong community in the crypto space and many people are involved in this industry.

1. What is the reason of this?
I think they just simply don't care. Politicians are corrupt to start with, so as long as there's more taxes, then it's probably a win for them.

And secondly, many countries involving mine have some difficulties of buying crypto (fiat to crypto and vice versa is kind of regulated).

2. What is the gateaway for you to buy your crypto?
It completely depends on your country; but I think you wouldn't have much trouble if you're willing to submit KYC/AML information. Also, why not use LocalBitcoins?

Like I said in the main topic, people in the Philippines mainly use Coins.ph; sometimes Abra.