Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: ambar33n on July 11, 2018, 02:09:53 PM
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
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That's really great news. Do you have the list?
In Bangladesh Bitcoin transactions is banned. Only local exchange are available.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
It is very luck to the people of the Philippines that Bitcoin is not legal but not ban in the nation enjoying the benefits of Bitcoin income without tax then it was fully supported by the Central bank together with major banks as partners of local exchanges therefore you should not waste time of joining the Bitcoin investments as these great developments may also lead to regulation and legalizing bitcoin but the government will most likely to impose tax on bitcoin in the future.
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Good news. I don't think it's such a big amount of money, but it's very important that it's allowed for the first time.
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I knew the Phillipines will definitely do this. Its really a good idea and it will help build the economy and also help the youths who engage themselves in the crypto world.
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Wow, that's really good news. Finally, the crypt is active to such an extent. Is the normal development of the crypts gone. I am glad
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in my country still should sell the coin first to my currency, after that from that exchange I can withdraw it to the bank.
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Congratulations to the people of the Philippines. I would very much like to have such an opportunity in my country. I hope that in 5 years it will happen.
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Blockchain technology has many uses and everyone knows the benefits of using blockchain technology. as banks will make it easier to transact. I think this is very good for the future of crypto.
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The funny thing is a lot of people predict and hoping cryptocurrency will kill the bank business. :D
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
It is good news, In my country not yet. I hope in the coming years my country will do it.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
It is very luck to the people of the Philippines that Bitcoin is not legal but not ban in the nation enjoying the benefits of Bitcoin income without tax then it was fully supported by the Central bank together with major banks as partners of local exchanges therefore you should not waste time of joining the Bitcoin investments as these great developments may also lead to regulation and legalizing bitcoin but the government will most likely to impose tax on bitcoin in the future.
I agree mate, It is very luck to the people in philipines. Bitcoin is legal and be supported by banks at there.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
Actually, in my country it is just set that crypto is acknowledged, and tax-free.
But banks don't deal with it at all, unfortunately.
Recently have read CCN where's said that Japan launched it's banck which makes business with crypto.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
It is good news. I hope all countries also do that, legalize and accept crypto currency.
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Could you please specify what banks are they that ttransact bitcoin? It would be helpful for us too and we can search it whether it is official or not.
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That's really great news. Do you have the list?
In Bangladesh Bitcoin transactions is banned. Only local exchange are available.
Wow, that's pity.
But what do you mean by "local exchange"? Fiat? Or in Bangladesh you have "local" cryptocurrency?
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
This is cheering news for all crypto enthusiasts and i glad crypto are becoming more popular by the day. I think in Africa we are getting this awareness gradually and soonest we shall get there.
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This is good news, the crypto increasingly penetrates everyday life. I hope that governments will understand that it is useless to prohibit, it is necessary to pass laws regulating the use of cryptos.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
Congrats for philipines, I hope my country also do that. Legalize and acceot crypto currency, It will be good thing for the market.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
I am not sure of the statistic of how many banks use bitcoin as a transaction. But what i know is that it will be a good news for btc to create more awareness and possible of increasing users.
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it's great for that and it's NEWS for all cryptocurrency.
I will continue to work for cryptocurrency because this is my hobby.
but can you call those 14 banks who are the names?
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with such a thing of course, make bitcoin the greater again, and the community will also be more confident with technology bitcoin ie blockchain because blockchain have the system is transparent
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
I think It is a good thing, If 14 banks in Philippines now recog ize and transect bitcoins. I hope all bank in the world do that
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I knew the Phillipines will definitely do this. Its really a good idea and it will help build the economy and also help the youths who engage themselves in the crypto world.
I think the government of the Philippines has found that there is nothing wrong with using bitcoin every one of them and also contributing to the country's economy. So good news. To other country that banned. Hopefully other countries will also be popular, not to stop the bitcoin like in Philippines.
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I'm also from philippines and I'm really amaze when they announced it. I hope some country banks will accept bitcoin too because it's really a good way and easy to sending or convert your money.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
If this is true anyone in this forum that can give me list of banks that is now accepted bitcoins because i don't heard anything about this new update from banks.
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It would be very nice if the rest of the countries followed the examples of the Philippines. Instead of trying to ban the cryptocurrency, it is possible to introduce in the banking sector and carry out operations on a par with other currencies.
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Is it true? If the news is true, I'm glad to hear it. To be honest, banks in my country have not known and transformed bitcoin. And I hope, banks in Indonesia also immediately transform bitcoin like in your country.
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It is old news. You can see details here. https://www.coindesk.com/philippines-banks-use-visas-blockchain-payments-platform/
I wonder do they still continue to transact after VISA's decision.
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This is how things are here, need KYC to buy, but don't need KYC to sell. When crypto is sold, taxes need to be paid, its considered income. A day trader of crypto who makes good yearly income will pay taxes on those profits. Banks don't touch crypto, and pretend it don't exist. Everything is done through an exchange, and than money can be send to the bank by direct transfer and other withdraw options. It doesn't matter if one is selling crypto or bananas, pay your taxes and you're good. Banks do everything they can to make sending cash easy. Shortly after bitcoin made a big deal that the only way to send cash is through paypal and that takes 4%, which can be a lot if sending a good sum, the banks introduced debit to debit sending, and it costs a buck for any amount, and five free transactions, and there are unlimited options for higher monthly fee. Send $700 bucks for rent, and only pay a buck. Credit cards are super advanced where I am, with massive rewards, and pretty much every gambling site accepts credit card and withdraw to credit card options.
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That's great news, bro, meaning in the Philippines it has started using Bitcoin as a tool for their transactions. Which means that the government in the Philippines recognizes and legalizes Crypto money as a means of payment. But in my country Indonesia is currently unable to follow in the footsteps of the Philippines. Too bad for me.
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14 banks in the Philippines now recognize and transect bitcoins.
What about in yours?
Regulations is not that strict in the Philippines compared to other countries. I read that there are even exchanges that are allowed to operate by the Central Bank.
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This is a good news but please tell us the list of them.. it's a very good signal and I hope other banks will follow this decision too!