Why Is Crypto Currency not Popular in the Philippines?

[velasco19 1753]

Many countries do not have regulations and in others there are prohibitions which make the use of cryptocurrencies impossible, we are also just beginning to attract the attention of this technology and the Philippines is a country that does not have a large population so it is difficult for all people know about this topic.

[shourov2002 169]

I have made a lot of income online from my life. The highest income from my crypto currency is $ 500. I made the investment by earning it. I work here by investing in Telegram. Many people are working here and making a living. The bank should seek the help of crypto to convert it into money. General Chat Chat LoungI think the way crypto is going to improve further in the future.

[habib ur Rehman 207]

i think it could be for their strict laws  and also the people of Philippines maybe don't have enough knowledge about the crypto world ..These could be the reasons..

[Shuvo Mia 576]

May be their country don't want that crypto currency replace their own currency. Or they don't want their people work here. I think they should join here. Their government should have to give their permission to work here. They miss out such a very good project.           

[Hashim zia 25]

The main reason behind this whole senorio is people don't have enough knowledge about crypto. Most of the people thinks that this is fake money or just waste of time. If people have knowledge about crypto they definitely talk and work for crypto. Crypto is the future, people have to accept this fact.

[Storm eagles 26]

On 1/13/2020 at 9:47 PM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

Possibly as a result of their laws, I mean maybe they have some exacting laws in everything identified with crypto world and digital forms of money, there isn't just Philippines however there is different nations are a similar like your nation

[Bing Crosby 92]

That is one of the causes of issues for the Philippines who don't think about crypto, despite the fact that the crypto world is generally excellent and productive on the off chance that they discover, I am certain it will consistently be utilized as an exchange instrument.

[Nour22 252]

I think that the reason is the lack of confidence of the Philippines in the world of crypto and cryptocurrencies due to their harsh laws and there are many countries such as the Philippines, but I think that the Bitcoin currency will advance in all countries of the world and it will be dealt with

[Peacegift 215]

This is because they didn't participate in the cryptocurrency activities so the few once are just doing it a little and didn't have interest or it may be.they do have another platform thatbpay them more than cryptotalk and investment non coins.

[jnbezchess 1066]

There are several factors that lead to the lack of spread of cryptocurrencies in a country, including:
1_ The country's laws and economic policy may prohibit such currencies.
2- The lack of advanced communications and technology infrastructure and sufficient internet speed for this field.
3- People’s fear of cryptocurrencies.

[Mishi Lorana 717]

On 1/13/2020 at 9:47 PM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

Cryptocurrency is also and not legalized in many other countries. Cryptocurrency must be legalized and should unban in every country of this world because it is the best currency.

[Riyas1612 359]

It's because of the lack of information and the law. I hope it's not legal in philippines yet. And so the people not aware about the crypto world. Like your country situation my country also facing this. But it's changing now people are started doing invest and trade in bitcoin. Cause they believe it's one day it's gonna legalise. And it's very profitable too.

[Rafin478 614]

On 1/13/2020 at 10:47 PM, LexBee68 said:

A lot of people are afraid if we are talking about bitcoins or any other crypto currencies.  Why is it so? Especially in the Philippines, people are skeptical about it.

There are many countries where people do not know much about Bitcoin or cryptocurrency. So I think people in the Philippines have no idea about cryptocurrency. That is why cryptocurrency is not so popular in their country.

[Jacquelin 40]

Every countries have different laws that thei citizens should follow . Some countries have very strict laws regarding to cryptocurrency and Philippines is one of those places . This is why cryptocurrency is not very much popular in the Philippines . 

[MalikHashi 726]

Yes may be and main thing is for taht rules of that country and it is not support by the government. So more taxes also so therefore I think they can't support the crypto in the country.

[Maikhalefa23 77]

Well I'm glad that someone asks this question. Maybe you are also a pinoy, right? Kamusta kababayan, anyway yes in Philippines using of cryptocurrency is not that famous, and a few only know what cryptocurrency is but I notice that only young age know what it is and using it and sadly even they know it they don't have the intention on sharing it to get rid of competitors especially in how to work here and in bitcointalk, many user just want an underslings, or they want to become boss and have people to pilot their accounts which are not fair, so I'm doing my best to spread about crypto and how to earn.

[Mecalum 421]

Dear friend not only philippines in some others countries where the Bitcoin is not popular because these countries do not accept the Bitcoin but now Bitcoin is becoming popular in all over the world because more people's show their interest in it.

[Anna 123 96]

Crypto talk isn't famous in Philippines the primary explanation in my way can be their strick laws which are identified with crypto talk monetary forms they trust in substantial things and others identified with that they don't incline toward it there are no informed individuals in Philippines that can be the explanation the individuals of Philippines fear these they don't put stock in that 

That is way crypto has no prominence in Philippine 

[Jijo george 18]

Bitcoins are not popular in phillipines because it has a strictely obeyable laws and jurisdictions. Not only in philipines there are many countries who do not encourage the upcoming of crypto world and digital currency. A lot governments thinks that it is not trusted and secure.  At the same lot of countries are encouraging this kind of stuffs

[Amr90 1064]

I read on one of the sites about the most people using crypto, and I think that I saw the Philippines in second or third place in terms of the number of crypto users,
I don't think they don't want to deal with crypto, but due to the large population, the percentage of crypto users may be small compared to those who question it.
In general, someone who doubts crypto has not tried it and only hears about it from others.

[Crypto manage 126]

In my supposition there's a a few confinements about the crypto within the Philippines, additionally  a few laws on them. My implied is that there's a strict lawa and arrange almost the crypto and the other monetary forms. Not within the Philippines I think numerous of other nations have the same issue. Too in my nation I am confronting this kind of issue. Before long the circumstance will beneath control.

[Ajkion 275]

Well, every country has it own percentage in this forum, but u thinks the reason why crypto is not popular in Philippine may be because there are many online business of this kind that pay better than crpto.

[Ses93 1624]

Many people are still ignorant of the advantages of Bitcoin and are afraid to use it because it is an intangible currency and this is not only in the Philippines, but in many countries of the world.

[AyhamA 613]

Sorry for that my friend
 Maybe they have some strict laws in everything related to the cryptocurrency and cryptocurrency world
Because there are many countries that do not recognize these currencies or exchange them to the local currency is difficult or through people
This makes it difficult

[BhenGhix 804]

Cryptocurrencies is not popular in philippines and many other countries.

It is not accepted in some selected countries unlike how it is embraced in many countries.

Just as how it is banned in many 5 countries.