As Bitcoin become more powerful and more widespread day by day, many countries are now considering the best ways of harbouring the cryptocurrency. The Philippines is the latest country to consider guidelines that will shape the development of a regulatory standard for Bitcoin.
It’s indeed a fact proven that non-regulation of Bitcoin activities in a country can be detrimental to that country’s economy in many ways. For this reason, a lot of countries have formed committees who can work out the best ways of allowing Bitcoin to stay in their country. This regulation, in most cases, has no effect on users dealing in small amounts of Bitcoin, but users moving thousands of Bitcoin across the border always find themselves dealing head-on with such regulation.
You can read the full article and take part in the discussion here: https://coinidol.com/philippines-to-regulate-bitcoin-activities/