Why Is Crypto Currency not Popular in the Philippines?

[Fatima Zohra 250]

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.

 I don't know about anything that why why their people afraid and I think they don't know about cryptocurrency because they have no proper knowledge about it and people don't want to learn about it and in my country cryptocurrency is popular and many people are talking about it and also they want to learn about it.

[maarcoferrer 1096]

This is due to the type of government they have, the truth is that the government has a lot to do with respect to the economic measures they have. This is very important to know, because we have to take into account which countries accept them and which do not when it comes to avoid scams and that kind of things. Many countries are already taking advantage of cryptocurrencies, as there are others that do not even know them. 

[alialyousef123a 111]

The cryptocurrency is very safe and there is no need to worry about it or about trading and investing it .. This platform provides us with how to learn well on the cryptocurrency. I believe that the cryptocurrency will become more prosperous in the future.

[AnasTasia CR™ 22]

There are to be the digital cash is less evident for them and actual earning with real job and real money is their priority. But then again, I also heard that extra people in the Philippines have been using cryptos in incomes.

[Nourcrypto 134]

This matter depends on the extent of the spread of cryptocurrency sites in the country, some people do not deal with it so even if they hear about it, they do not share it with others so it is not widely spread

[Maha21 17]

why phillippines in my country bitcoin not popular because we don't want your virtual currency replace the digital currency and lot of people known about and how to use they can't trust in crypto currency we believe in paper currency

[Mehwisbsadiq 36]

Bitcoin is getting popular repidly but it's take time to take fame for every one because in some countries its banned. Their rules and regulation not support to exchange it. Philippines is one of others  country where its banned 

[allen walker 109]

I don't know about this. Few months before their is no signs of cryptocurrency and cryptotalk in my country. But now in France it is available and famous in every step. Every one is working online and making money. I hope in near future it reaches to you.

[SaancoAnalco 611]

Hello friend, I think it is because of the different beliefs and Taboo from each country have always been like this! It may be that the cryptographic world is not so popular or so common that is why these happen events

[Sanam jung 395]

Crypto currency is not popular in Philippines because crypto currency is banned in their country.According to their rules and laws they are not allowed to use it.

Edited February 18, 2021 by Sanam jung

[Amjid88 109]

There are certain reasons that BTC is not popular in a specific country. The most popular reason is because of the government laws as it doesn't allow digital currencies to be officially approved in their country. Maybe that's is the reason in Philippine too that their government has not officially approved it and that's why people don't get much interest in it.

[Hami Rai 111]

 The security and commission of exchange of philippine pass illagea to cryptocurrency .they warrn their  people to use cryptocurrency.the people og philippine think that it is a scame and they don't want to take risk.

[Lo97 52]

Because of their laws, that is, they may have some strict laws in everything related to the world of cryptography and cryptocurrencies, there is not only the Philippines but other countries that are the same as your country. But around the world, Bitcoin is unknown, because it is an intangible currency first and not recognized, and because trading is a dangerous process for the majority.

[Leoresurrected 214]

It is not that they are not popular, many people in that country may have knowledge of their existence, only that the laws of the country prohibit the use of cryptographic currencies, the point is that in countries like Phillipinas they usually have laws against crypto because their history It is back with the deep web and this is considered something illegal that is why they are afraid of trading with currencies that can be used for illegal things. 

[Sulmankhan786 28]

There may be several reasons like the rules of the Philippines may be strict and there may be the ignorant of the people ,the fear of the people also could be the reason for that. The Cryptocurrency is banned in some countries and there may be some reasons behind it that I have discussed. 

[Jasmin123 698]

I think now  cryptocurrency is  also known by these countries but they are not accepting it but I think maybe in future they realise their mistake when they look upon the the popularity of the cryptocurrency only few countries do not have information about it otherwise the whole world is aware of cryptocurrency.

[md.nayem01 0]

I work by investing. We make good income by investing. We collect different tokens and sell them if prices go up. BTC is the most popular currency. BTC LTC, ETH are the ones everyone likes when they work on crypto currencies

[Alen walker 196]

There are many countries in which crypto is not supported by their government.it is strictly prohibited by these countries to use crypto.i think in phillipines crypto is not supported by their government so is not popular in that country.

[teebasas 3018]

Well, for me, I believe why cryptocurrencies in the Philippines are not common is that there might be laws preventing their people from using cryptocurrencies and not just in other nations, but I don't think they really know the advantage of cryptocurrencies.

[Owaiskk 299]

According to my opinion crypto is not popular in many countries not only in Philippines because the people of these countries are unaware from the advantages of crypto one of the reason of not popular of crypto in these countries is that the crypto is illegal in these countries and the government not allowed crypto due to low economy condition 

[Anusha cm 0]

Crypto currency is not popular in Philippines because may people in that region do not use it and they do not transact. This is why it is not very popular there. Must have daily transactions then it will be famous.

[rmdanabogfr123a 26]

My friend, there are many countries that do not operate with these currencies, especially the Philippines. The way to obtain currency may be difficult or their laws very difficult, so this matter is developed in other countries and I hope that this has no effect on that. Thank you.

[Jasmin123 698]

I have also hear about it that cryptocurrency is not popular in the Philippines countries and I also have a curiosity to know about it because it's a very amazing opportunity for their public to get benefit from this forum but why should they ignore it  but I believe in future It's become popular in these countries.

[Adeel55 77]

My friend I want to tell that cryptocurrency are used every countries but philpilnies that's not about cryptocurrency. But someone try to introduce even crypto ward is very good and profitable if you can find it. They provide great great knowledge for us

[Mister Candy 114]

I recently joined the Cryptocurrency website and am learning more about the rules from this forum. I don't know about the Philippines and I don't know why cryptocurrency is not popular in the Philippines.