Cryptocurrency Q&A
Is crypto legal in Philippines?｜Cryptocurrency regulations In the Philippines, ; however, crypto coins are not considered 'legal tender' as they are not issued by the BSP. In 2021, the Central Bank released the Guidelines for VASPs.cryptocurrency transactions are legal
Is crypto legal in Philippines?｜Cryptocurrency regulations In the Philippines, ; however, crypto coins are not considered 'legal tender' as they are not issued by the BSP. In 2021, the Central Bank released the Guidelines for VASPs.cryptocurrency transactions are legal
CryptoKnight
Sun Jun 09 2024
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7 answers
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Could you please clarify the legality of cryptocurrencies in the Philippines? While I understand that crypto coins are not recognized as legal tender by the Bangko Sentral ng Pilipinas (BSP), I'm interested to know if cryptocurrency transactions are, in fact, legal in the country. Also, could you elaborate on the Guidelines for VASPs released by the Central Bank in 2021? How do these guidelines shape the regulatory framework for cryptocurrencies in the Philippines?
7 answers
KimchiQueenCharm
Mon Jun 10 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a comprehensive suite of services to its customers. These services include spot trading, futures trading, and wallet management, catering to the diverse needs of investors.
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GyeongjuGrace
Mon Jun 10 2024
Spot trading allows investors to buy and sell cryptocurrencies at the current market price. It provides a straightforward way to enter and exit the market, suitable for those looking for short-term trading opportunities.
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Raffaele
Mon Jun 10 2024
Cryptocurrency, a digital asset designed to operate as a medium of exchange using cryptography to secure its transactions, has become increasingly popular in recent years. Its decentralized nature and the promise of anonymity have attracted a large number of investors and enthusiasts.
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Martino
Mon Jun 10 2024
Futures trading, on the other hand, allows investors to speculate on the future price of cryptocurrencies. It involves the use of contracts that lock in a price for a future delivery date, enabling traders to profit from price movements.
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BusanBeautyBlooming
Mon Jun 10 2024
Finance, on the other hand, deals with the management of assets and liabilities for individuals, businesses, and governments. It involves a wide range of activities, including investing, borrowing, and saving.
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