Why Is Crypto Currency not Popular in the Philippines?

[Luaysall0um 195]

 I do not know why, my friend.

In my country there is not much knowledge about bitcoin or Cryptocurrencies too 

I think this is due to the lack of dealings with it in our countries.

And because they don't understand what it is. 

I think we can explain to them about it and its many benefits.

[Rashidkallu 108]

Hey guys, people are actually not interested with crypto world so they think it as insecure because of no control on it by any specific group of people, I don't much about it and because i don't have any friends connected from Philippines,thank you.

[Dazhi 4]

Maybe their constitutional laws or authority does not permit them, I mean maybe  they have some laws in everything related issue that has to do with Internet Explorer such as crypto world and cryptocurrencies, this is not only Philippines but there are other countries this same issues. 

[MUSHANIF 4]

Yes is because the law or rules and regulations in the philippines are too strick and there are other countries too that did not accept the crypto currency because their government are afraid to loose the authority they have on the fiat currency 

[ali issmail 5]

Welcome, my friend, here in this forum. In fact, this is a good question and I think that there may be a law that stipulates not to talk about it or talk about it, so people are afraid to talk about it or work with it.
Good luck to you in your life

[Boshra 400]

Not only in the Philippines, but also in many other countries, cryptocurrencies are not popular and recognized, perhaps due to the laws of their country or because of the lack of development and knowledge in which they live.

[Hamada95 3]

In the Philippines it's a little-known currency and people there are focused on acquiring traditional coins for cryptocurrencies 
But not just in the Philippines, but in more countries around the world, and that's because cryptocurrencies are intangible by hand. 
And there are many people who are afraid of fraud.

[A.Murtaza 119]

It is your responsibility as a member of this forum to refer your family friend to this forum and inform them. I believe the main explanation for this is a lack of proper education, awareness, and understanding of cryptocurrencies. Perhaps as a result of the government's strict rules and the fear of fake websites.

[sea&& 272]

Many countries prohibit dealing in cryptocurrencies, and believe that it will cause economic harm to their local currencies, and punish anyone who deals in cryptocurrencies with prison.

[Huma123 136]

Not only in the Philippines, but in all the world Bitcoin is unknown, because it is an intangible currency first and unrecognized, and because trading is a dangerous process for the majority...!!!

[Craig Allen 321]

I have no idea why this cryptocurrency is not popular in philippines.May be there is less advertising so that this currency is not popular over there.May be this is the reason that the bit coin i.e cryptocurrency is not popular there.

[Rahaf088 683]

 I think there are many countries that do not know what Bitcoin means, including the Philippines because it is not very popular, but I think with the future bitcoin will achieve great popularity because most countries are dealing with bitcoin and it will become popular in the future.

[Amna06 16]

Not only in philippines, there are many countries where there is no knowledge about crypto and also some countries where crypto is considered illegal and is banned. 

[Jam g 114]

Hi my dear mate I think you are right there Is a fear about the cryptocurrency in the countries like philippines because exactly they not know about the cryptocurrency and there countries strick law about the cryptocurrency make a fear in that's people that's why they ran away from that's type of currency but I think they are in future come in this crypto world and get benefits from there things also wait and see what will happen

[Iqbal saeed 17]

not fashionable since legal age the visayan enjoy living just under the poverty trap thusly glamour actually blood group insurrection because colombians to consider bank notes once  biggest serves as speaking, loving complete golf stroke foid upon dressing table.  inhibition possess the sumptuosity epithetical socialize visit cyberspace to analyze all but banknotes brooding about the web rate inside the england serves as a hundred mhz due to twosome star operators many do misread the general meaning of one's word "upgrade"

[Ch kahlid 102]

Since Bitcoin is an intangible currency that is first and foremost unrecognized, and since trading is a risky operation for the majority, it is unknown not only in the Philippines, but throughout the world.

[Jhnirob 2]

Philippines don't knows every things about crypto currency this is one reason to avoid crypto currency and 2nd i think this country’s low fact.If any country’s low system is very tide to avoid crypto currency's than they should don't do this becouse every country obey to maintaining their rules.

[moathjazare 103]

It may be illegal in another country such as the Philippines or perhaps some of them do not want to believe the cryptocurrency because some governments prohibit trading in cryptocurrencies, especially bitcoin, because they consider them unsafe and can harm the economy. Perhaps some of them do not want to believe the cryptocurrency and more of them want cash.  It is not an investment.

[JawadAhmad 301]

May be because crypto is illegal in Philippines or they make law on crypto. Most of countries in the world that ban cryptocurrencies use in their countries. I do not know the main reason behind their ban I think they worries because their own currency price may be effected if they legal the cryptocurrencies.

[ARSALS 419]

my friend it is not populous then tell your friends and family and that's about it and they will able to know that what is cryptocurrency and the/y are also start working yet so keep on getting people they will also able to know that what is this.

[TIGER FORCES 2]

There are many countries that don't support cryptocurrencies, maybe that's because of some of those countries "economy laws or their cryptocurrencies haven't yet been recognised, but I absolutely trust that cryptocurrencies will reach all countries and have strong market movement between them.

[Saba Malik30 608]

On 1/13/2020 at 10:21 PM, Migo said:

Maybe because of their laws, I mean perhaps they have some strict laws in everything related to crypto world and cryptocurrencies, there is not only Philippines but there is other countries are the same like your country 

Yes ofcourse dear member ,you are right . Cryptocurrency is banne in different countries.  It is the main reason for not being popular currency in Philippines.  And thank you for sharing your views regarding this post. 

[WardNaser 14]

Thank you, my friend, for this topic. Most countries ’policies fear that other currencies will replace national currencies, especially when they have sufficient balance of their currency and their currency has strength in the global market. The Philippines imposes many laws in order not to spread these currencies in it.

[REHam 8]

I think that crypto-currencies are still not popular in some countries including the Philippines, but I think it's for the encrypted good future in the Philippines because of the developing countries .

[Williamson604 106]

Hello dear,

there is not doubt that cryptocurrency is digital currency and its market value is better than other currency  and many country it 's not allowed to use and many peoples are unaware of this because they are uneducated. there must be above factors in your country that is why  not popular in your country.