Reddit Posts
UnionBank (Philippines) secures BSP nod to offer crypto trading
UnionBank secures BSP nod to offer crypto trading
Central Bank of the Philippines selects Hyperledger Fabric as Blockchain for Pilot CBDC Project
Bitcoin: Philippines Regulator Issues Warning Against Crypto Volatility
Mentions
\+1 for this! I've been a fan of Coins.ph for a while now, especially knowing it's backed by the BSP. It adds an extra layer of security, which is reassuring for me as a crypto newbie.
Do you know that you can now hodl and earn at a crypto exchange that is backed by BSP? Yes that's right you just need to have 0.001 BTC in your coins PH account and claim your rewards in PHP. Visit the link for more details: https://coins.ph/blog/btc-buy-hodl-earn-program/?fbclid=IwAR2lDu\_jX41t6R\_Kd\_zT5kOROVKBUv8DmRWruLReKlNo9ia2BbfkejpeUlU
Make the math, mathing. BSP lending rate is at 6.75%. Lender is too dumb to give you such low interest rate for the amount borrowed https://www.bsp.gov.ph/SitePages/Statistics/KeyRates.aspx
Philippine’s Union Bank has become the first and only bank in the country to receive a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP).
tldr; Union Bank of the Philippines has received approval from the Bangko Sentral ng Pilipinas (BSP) to operate a cryptocurrency platform. This makes Union Bank the first and only universal bank in the Philippines to offer virtual asset exchange services. With the new license, Union Bank can now offer virtual asset exchange services to a wider range of customers through its app. The feature will be rolled out gradually in the final quarter of 2023, allowing Union Bank customers to buy and sell Bitcoin directly through the app. This move aims to provide a convenient and secure platform for trading cryptocurrencies through a trusted financial institution. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
For those like me who were wondering what the hell is BSP it's Bangko Sentral ng Pilipinas’.
To the folks looking for a parts list. The node is a raspi4 blitz setup with Umbrel software using the FLIRC heat sync case they recommend and a 1TB SSD. The parts for the backup seed are below, I know most of you are probably American so it’s not that helpful in Metric. Coarse Hex Bolt (DIN 931) M8 x 1.25p x 55mm - A4-70 316 Amount: 1 Coarse Hex Standard Nuts (DIN 934) M8 x 1.25p Metric - A4-70 316 Amount: 1 Washers (DIN 9021) M8 x 24mm x 2mm - A2-70 304 Amount: \~however many you want Stainless Steel 316 British Standard Piping (BSP) Hexagonal Nipple Thread 25mm (1 Inch) Amount: 1 Hexagonal Cap BSP Thread 25mm (1 Inch) Amount: 2 The washers are punched using this method: [https://www.econoalchemist.com/post/backup](https://www.econoalchemist.com/post/backup) also originally here [https://blockmit.com/english/guides/diy/make-cold-wallet-washers/](https://blockmit.com/english/guides/diy/make-cold-wallet-washers/) I wouldn’t really say this is the easiest or cheapest method out there, I bought it all so I could make multiple backups if required, and lend it to friends/family if they were interested. It is however, cheaper to make new ones once you have the gear. Plus it’s fun. Key things for it are: 3mm Letter Number Punch Set Blockmit Punch guide (if you print these and don’t buy them, you’ll need a small file to fix them afterwards) A hard surface and hammer CC u/charlespax u/NefariousnessSome945 u/TetraCGT u/mcrech u/zrj3
I’ve been DCA into about 12 projects since just after the luna crash. December hike will most likely only be 50BSP but I also believe 17.5 was bitcoin bottom. And will continue to DCA for the foreseeable future. I started door dashing part time and making about $1,000 a week that I put into crypto weekly. Please let me retire in 2025
This is a huge boost to Boracay's tourism especially to coiners when they visited the island. My concerns are, do the merchants understand bitcoin and how it works? Do they know what will happen on those sats when market plummets? Does [pouch.ph](https://pouch.ph) is regulated by BSP? Does PH legalize the use of crypto currency especially btc as a legal tender? How about tax implications to merchants? This project has lot of potential but the protection of the merchants are also at stake here. Digitalization has a green light from BSP but it does not mean that it's also for crypto currency. ATM, the nearest thing the PH Gov has when it comes to crypto is the study of DOST to research about blockchain technology. Blockchain is not all about btc. Remember that governments cannot legalize something that they cannot control. Decentralization is the root cause of btc, its white paper is clear on that.
tldr; The New York Yankees are set to let its employees convert a portion of their paychecks to Bitcoin after striking a deal with Bitcoin-focused financial services firm New York Digital Investment Group (NYDIG). The Yankees' employees will be able to access NYDIG’s Bitcoin Savings Plan (BSP), enabling an option to adjust a part of their post-tax salary to be automatically converted into bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Bitcoin investment firm NYDIG has announced a multi-year partnership with the New York Yankees to become the team’s official Bitcoin Payroll Platform. The deal will allow Yankees employees to convert a portion of their paycheck to Bitcoin as part of the Bitcoin Savings Plan (BSP). As part of BSP, Yankees employees do not need to pay any transaction or storage fees. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
When you want serious project like $BSP $RDT $CTK $FTM let me know
tldr; The Finance Bill, which gives effect to new taxation on transactions involving digital assets, was approved by the Lok Sabha on Thursday. The bill proposes a 30% tax on capital gains out of virtual digital assets. Once passed into law, a 1% tax would also be imposed on every such transaction. BSP leader Ritesh Pandey said introducing the 1% TDS on blockchain transactions is going to hamper the way this business is *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Hi, I'm the founder of Pouch ([www.pouch.ph](https://www.pouch.ph)) a new bitcoin/lightning wallet & API based in the Philippines. We've partnered with UnionBank to enable bank transfers to all banks in the Philippines so users can remit from anywhere in the world to the Philippines for faster & cheaper than was possible before. We're still working on our incoming bank deposits rails with another bank though, so we wouldn't be able to help you yet - but we are targeting launching bank cash-ins as early as next week. The issue with that amount of money is the strict transfer limits imposed by the BSP (central bank). Most options allow only $50K per month. You might be able to contact Moneybees in the Philippines or [https://paylance.com/](https://paylance.com/), perhaps they support larger OTC trades. I will also do research because I'd like Pouch to be able to support larger & institutional. I believe there is a process we can use to further KYC check you and increase your limit to allow for $10K
Bart (1 million #Shib) + 4.5 million #Ballswap giveaway will be shared with a #Crypto Twitter influencer with 2.5 million followers. Live Chart📊 1) Uniswap #Ethereum- https://www.dextools.io/app/ether/pair-explorer/0x2c1e524a7223782614c2f6badbbbeadf51208309 2) Quickswap #Polygon- https://www.dextools.io/app/polygon/pair-explorer/0xd69fd3106426db9522ed77d8fbf86245b61f2213 3) Pancakeswap #BSC- https://www.dextools.io/app/bsc/pair-explorer/0xbf47cefde1fb0497d080e14f84288c3203b7082c Buy Ballswap #BSP: https://www.coingecko.com/en/coins/ballswap#markets Buy BitBall #BTB: https://www.coingecko.com/en/coins/bitball Buy BitBall Treasure #BTRS: https://www.coingecko.com/en/coins/bitball-treasure Stay tuned for official announcement 📢 Tweet: https://twitter.com/bart_bsp/status/1473504181747023874
If it is "my laptop I use for work", then fine. If it is "the laptop my boss got me that I'm allowed to take home", then not so good. Bitcoin nodes will "beacon" to any network admin or network monitors looking for it. So be aware that your office network will likely know what you are up to. Other than that, it's fine. After the initial download the workload is pretty light. I personally set the process affinity to keep it on the thread with the highest APIC just to keep it off BSP and prevent it from monopolizing resources.