Why Is Crypto Currency not Popular in the Philippines?

[peter55 459]

Making people use cryptocurrencies and not knowing the way these currencies work on them is what makes people afraid to work with them as we must explain to them the correct way to work and explain to them about the advantages it provides

[Zaid6 256]

Hello all, I do not know, perhaps people are still questioning these digital cryptocurrencies because they are new, so they do not have fame and reputation among people in the country of the Philippines, but with days, they will trade not only in the Philippines, but in the whole world because they have become as important as the rest of the other currencies traded among people, but the matter It just takes some time

[FlyingHollandMan 146]

This might has been the level of acceptance by the government. But right now crypto is already popular across the globe. So I think your Government need to adopt it. 

[Sara3ali 169]

Maybe people warn and are afraid of prohibitions, penalties and the like. It's okay. You continue to work here and continue here. Everything is going well. The work in this forum is done easily without any problems.

[Nour kem 540]

This may be related to the encryption laws in your country
There are many strict laws that are applied under the pretext of some political and administrative matters

[Asemrhibani 399]

Countries must allow the circulation of encrypted digital currencies for their own interests and the interests of their people. In some countries such as the Philippines, the Middle East and North Africa, it is strictly forbidden to deal with any of the cryptocurrencies. 

I hope that trading cryptocurrencies will become legal in the near future.

[SahlShahm 22]

There are many countries you are afraid when you hear about cryptocurrencies or other currencies because they may be forbidden to them or unknown within the people and therefore do not know anything about it and fears come to them when they hear about it, so we must educate about what the cryptocurrency is. I hope that my words are correct and that Anything wrong please tell me.

[wissamabd 38]

There are many reasons for preventing work in cryptocurrencies, especially the Philippines' fight against cryptocurrencies, as it always bans many websites and platforms, and dictatorial countries always work to fight these digital currencies, but there are always loopholes that people use to work in spite of that ..

[Ammar SaQr 558]

I think that this is due to the laws in your country, which prohibit the use of cryptocurrencies such as Bitcoin and others, but it is likely that cryptocurrencies will eventually spread throughout the world.

[Reem33r 286]

Yes, most of the people I know are afraid to enter this world
Because they do not know its features and its positive effect on us
It provides money and information, and the more we strive, the more we have a wide knowledge of cryptocurrencies

[Qassem 361]

No, my friend, this problem exists in most countries, where we notice a decrease in the popularity of cryptocurrencies, especially in developing countries, and through which they can achieve progress, and I think that the reason for this is how to use cryptocurrencies because they are intangible.

[blackcat2 269]

I think crypto currency is not legal in Philippians and their government did not give importance to it may be this is the reason that it is not popular in the Philippians countries so if you know about it then guide me that which is the reason.

[Mjdy1996 505]

Maybe they have strict laws regarding everything related to cryptocurrencies

This is unfortunate. Countries must develop and keep pace with technology, and not only the Philippines, as there are many countries that prohibit dealing with cryptocurrencies.

[Maryam01 413]

I actually don't think it's about the Philippines as a country.There are a lot of countries that don't know Bitcoin.But things change. Bitcoin is moving towards taking its legitimacy significantly. In various aspects.

[Ikram Ch 30]

You can't just say Crypto isn't common in the Philippines; it is, and the government has taken an interest in it; there are experts there who have made a lot of money, such as Aiza Mercado, who you can find on YouTube. And she has a sizable fan base in the Philippines.

[Queen3 3]

 l think in the Philippines they are not know about crypto and they think it is a scam and somehow their is a Low that not allowing them to have a Forex trading.

[piuri01 446]

Virtual currencies are not popular in the Philippines because their government has restrictions against them, this prevents many people from knowing about them and that is why they do not do business with them.

[Zubair Ahmed 329]

I don't have proper idea that why crypto currency not popular in Philippine. I think Philippine government not like crypto currency so maybe due to this reason there this currency banned or what so ever.

[Sumairo 6]

Ido not have confirmed information as to why the Philippines rejects digital currencies, but I think that the reason is due to the ignorance of people in these countries about digital currencies, they do not trust them because they are intangible currencies, and they do not trust profit operations via the Internet, or because of the strict laws related to digital currencies in their country.

[Ch Faisal meo 101]

Not only the The us, but several other countries' governments have refused to recognize crypto currency, banning its use and charging anyone who uses crypto in those countries with a crime. I believe this is why people in the Philippines are afraid of crypto.

[hadeeel 176]

Dear friend, welcome to you
Thank you for this important post and the wonderful discussion explaining what is going on in some countries. I think people are enemies that they do not know. I hope you are not like them.
Good luck

[Rehaan 380]

Everybody, each nation have their own convictions about digital currency. There are a few nations which dont acknowledge bitcoin however I think an awesome method to make them trust it is to trust that huge organizations will begin utilizing it, as youtube, google and so on.

[abohasnn9 2401]

Dear friend, it is mainly due to the fact that Bitcoin and all cryptocurrencies are decentralized currency in general, perhaps this is the main reason that people fear of cryptocurrencies and losing their money in a decentralized currency that is not subject to the control of countries nor to the number of countries in general that is my dear I suggest  You all have to study the cryptocurrency market before you enter the whole of the cryptocurrency market. The cryptocurrency market is very large, and the bitcoin currency is my dear ones who are afraid of it, especially with regard to the country of the Philippines. I invite you all to discuss the issue in the Bitcoin currency. It is a very honest and very safe currency, which is the financial future. Thank you very much.  is yours

[Malik sami 0]

It is possible that virtual income is less visible to them and that actual earning with a real career and real money is their focus. In the other hand, I've learnt that more people in the Philippines are making money with cryptos.

[Ferymalik 13]

It may be due to lack of awareness among people of Philippine about digital currencies or may be they are not ready yet to use cryptocurrency instead of paper currency but I hope soon it will be used all around the world as it is gaining popularity gradually .