Yes it is legal .On 6 March 2014, Bangko Sentral ng Pilipinas (BSP) issued a announcement on risks associated with bitcoin trading and usage. Recently digital currencies have been legalized and cryptocurrency exchanges are now regulated by means of Central Bank of the Philippines (Bangko Sentral ng Pilipinas) under Circular

DEFINITION of Crypto Commodity Crypto-commodity is a general term used to describe a tradable or fungible asset that may represent a commodity, utility, or a contract in the real- or the virtual-world on the blockchain network through exclusive tokens. BREAKING DOWN Crypto Commodity A quick dive into the evolutionary history

While the high volatility in cryptocurrencies has raised concerns among investors, the blockchain and cryptocurrency industry is finding new avenues to keep itself exciting and appealing to the masses. Despite the recent decline in crypto valuations, there is no dearth of the new-age millionaires who were early adopters of the

What Is Ripple (Cryptocurrency)? Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb. The coin for the cryptocurrency is premined and labeled XRP. Ripple is the

What Is Mining? Mining is an integral part of a cryptocurrency network that performs two important functions. First, it is used to generate and release new cryptocurrency tokens for circulation via the cryptocurrency network, and secondly, it is used to verify, authenticate and then add the ongoing network transactions to

While each fiat money and cryptocurrencies can be used as a capability of payment, there are some differences. Legality Governments issue fiat currencies, which are in return regulated through the central bank. Fiat money is deemed official tender in that it is often the official ability of finalizing transactions. Governments