Post
Topic
Board Altcoin Discussion
Re: The World’s Most Crypto-friendly Countries
by
3la9l_kolbaCa
on 27/01/2020, 03:04:58 UTC
Maybe add Philippines because here in my country many people start to gaining knowledge about cryptocurrency especially in bitcoin,  and also many crypto currency exchange are developing here in my country. 

And aside from that we have Bitcoin Atm,  and also some stores here already accepting bitcoin as a alternative payment.
Although it's becoming crypto friendly because BSP registered more crypto exchanges and Security and Exchange Commission is finalizing crypto guidelines. For me, still not, because some banks like BDO still not familiar in crypto or they are not comfortable if your funds came from crypto. Still a long way before you can add or cashout without thinking of possibilities that you will be ask about crypto and feel uncomfortably. Some are just forcing theirselves to become dishonest on where the funds came from so they can avoid such possible scenarios. I guessed, you've heard the one in our country where in he is ask to pull out all of his money in the bank because the funds came from crypto.

That particularly happens on counties with specific limitations on cryptocurrency, and that situation that pertains to pull out of funds, there's a probability that the funds was having been insufficient information to prove its legitimacy. KYC on most bank is pushed through even with money transfers both local and international, because it is need in order to control people from money laundering. This is the only ways to prevent illegal money coming in and out in the country. Huge amount of transfer was also scrutinized and questioned before it goes to hand of the receiver.