how many percent using bitcoin in the philippines

the adoption rate was the highest is indonesia 3.3 followed by the philipppines 2.9 these rates were higher compared to those of Vietnam, Thailand and Malaysia though no figures were provided for the last three countries. these rates were higher compared to those of Vietnam, Thailand and Malaysia though no figures were provided for the last three countries.

The Philippines’ relatively higher adoption rate of cryptocurrencies may be related to the Bangko Sentral ng Pilipinas’ (BSP) moves to regulate rather than ban Bitcoin and other cryptocurrencies.

“Among the five ASEAN countries we survey, the Philippines has made the most regulatory progress. Since February, its central bank has required all exchanges to obtain a permit for trading cryptocurrencies and to register with the country’s Anti-Money Laundering Council. They are also subject to annual fees. We expect the rest of Asean-5 to follow, in response to concerns that Bitcoin is being used to fund terrorism and other crimes

The Philippines’ relatively higher adoption rate of cryptocurrencies may be related to the Bangko Sentral ng Pilipinas’ (BSP) moves to regulate rather than ban Bitcoin and other cryptocurrencies.

“Among the five ASEAN countries we survey, the Philippines has made the most regulatory progress. Since February, its central bank has required all exchanges to obtain a permit for trading cryptocurrencies and to register with the country’s Anti-Money Laundering Council. They are also subject to annual fees. We expect the rest of Asean-5 to follow, in response to concerns that Bitcoin is being used to fund terrorism and other crimes,”