Philippines Senator Calls for Applying a Get-Tough Approach to Bitcoin Crimes

[Cordillerabit]

Filipino senator Leila de Lima wants to impose stiffer fines on the criminals who conduct a scam or other illegal activity using cryptocurrency, especially Bitcoin. She has presented a draft bill aimed at releasing an update of the country’s penal code.

"With the emerging threats of its use in the commission of crimes, our penal laws must adapt with the changing times and our criminal justice system must come prepared in the event that this is used in illegal activities,” - De Lima said in a press release.

The senator proposes to put a penalty one degree higher than it temporarily is on all illegal cases conducted with the help of virtual coins. She demands the authorities consider the confiscation of all digital currencies involved in a crime, except those that are in a possession of another person who is not legally responsible for the malicious act.

A draft bill
De Lima explains her position saying that perpetrators may take advantage of cryptocoins, utilizing them in unlawful activities such as financial fraud, Bitcoin scams, and paying for child pornography materials. She also adds that one can use the Blockchain-based financial technology for bribing officials, financing terrorism, and laundering money.

"Due to its anonymous or pseudonymous character, law enforcement agencies may encounter difficulty in tracing the user or owner of a virtual currency used in the commission of crimes, thereby necessitating a higher penalty for its use.”

Read the details in the article of Coinidol dot com, the world blockchain news outlet:

read more here : http://www.altcoinstalks.com/index.php?topic=9471.0

[RianDrops]

Woah! Salamat sa pag bahagi ng balitang ito paps.

[jekjekey]

Sana mag tuloy tuloy nato para hindi na natin kaylangan ipaliwanag sa mga pilipino na hindi gaanong naniniwala sa bitcoin it is a positive way at positive news para sa atin na mas lalo pa na maniniwala sa digital currencies at e spread pa natin ang words ng crypto or bitcoin.

[RianDrops]

Sana mag tuloy tuloy nato para hindi na natin kaylangan ipaliwanag sa mga pilipino na hindi gaanong naniniwala sa bitcoin it is a positive way at positive news para sa atin na mas lalo pa na maniniwala sa digital currencies at e spread pa natin ang words ng crypto or bitcoin.

Tama ka paps. Sana nga.

[Cordillerabit]

Kung magpapatuloy ito lagot ang mga maraming bitcoin sigurado sisingilin na ng tax yan saaking opinyon lang mga paps ano sa palagay nyo 

[RianDrops]

Kung magpapatuloy ito lagot ang mga maraming bitcoin sigurado sisingilin na ng tax yan saaking opinyon lang mga paps ano sa palagay nyo 

Yan nga lang problema. Baka patungan din nila kapag magcacash out tayo, wag naman sana.

[Xzhyte]

okay din yang may regulation,  although it may mean na mag iimpose nga ng tax sa mga bitcoin transactions. Pero sa tingin ko mas darami yung mag iinvest sa bitcoin kase they will feel safe sa pag invest dahil protektado sila nung regualtion, na may mananagot kung sakaling mabiktima sila ng scam.