What to know about cryptocurrency and Bitcoin in the Philippines
Cryptocurrency is a digital or virtual asset designed to work as a medium of exchange. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
Source: https://Yehey.com
Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods or services. In the Philippines, cryptocurrency is not recognized as legal tender but is not specifically regulated. The Bangko Sentral ng Pilipinas has issued warnings about investing in cryptocurrencies but has not enacted any regulations.
Bitcoin is the most well-known cryptocurrency and was the first to be created. Bitcoin is decentralized, meaning it is not subject to government or financial institution control. Bitcoin can be used to purchase goods or services and is often traded on decentralized exchanges. In the Philippines, Bitcoin is not recognized as legal tender but is not specifically regulated.
The Bangko Sentral ng Pilipinas has issued warnings about investing in Bitcoin but has not enacted any regulations. Cryptocurrency is a digital or virtual asset designed to work as a medium of exchange. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods or services. In the Philippines, cryptocurrency is not recognized as legal tender but is not specifically regulated. The Bangko Sentral ng Pilipinas has issued warnings about investing in cryptocurrencies but has not enacted any regulations.Bitcoin is the most well-known cryptocurrency and was the first to be created.
Bitcoin is decentralized, meaning it is not subject to government or financial institution control. Bitcoin can be used to purchase goods or services and is often traded on decentralized exchanges. In the Philippines, Bitcoin is not recognized as legal tender but is not specifically regulated.The Bangko Sentral ng Pilipinas has issued warnings about investing in Bitcoin but has not enacted any regulations.