Bitcoin Exchanges in Philippines

[TomBite]

I just read somewhere that the Bangko Sentral ng Pilipinas or BSP has already approved the application of two Bitcoin exchanges to operate here in the Philippines. While both have foreign roots, it would be nice to have them here on our local shore.

This is good news to many Filipinos who are into Bitcoin and those who are still planning to join the cryptocurrency bandwagon. Finally, the Philippines has already arrived as far as Bitcoin is concerned and we are now at par with Japan and other Asian countries opening its doors for Bitcoin.

[psalms23]

I'm not really sure if Id be happy with this. Well, this means that bitcoin will be regulated in the country and with that, taxes. Though it comes to my mind that someday bitcoin will be regulated by the government and be imposed with taxes but not right now, I still ahve to earn.