Philippines Issues Stricter Crypto Listing Rules, Bans Privacy Coins
The Philippines central bank has tightened crypto oversight with new rules governing how exchanges assess and monitor digital assets.
Personal Opinion
Policymakers who push these bans clearly haven’t used a privacy‑preserving cryptocurrency. If they had ever opened a wallet like Zcash, they would have seen the “Pay” option that lets users send funds directly to transparent chains like bitcoin. This means the exchange never sees Zcash and the user remains compliant.
The idea that privacy coins inherently prevent compliance doesn’t match how the technology actually works.
Bitcoin only became the “acceptable” coin because its transparent ledger lets governments appear open to innovation while still maintaining visibility and control. There’s also an assumption that users are dependent on CEX’s (centralized exchanges); an assumption that simply slows down the inevitable and final conclusion that the majority of net worth will be in the people’s hands and not the banks.
It’s at this point I would like to say, I did not earn, spend or save thousands of dollars by first asking permission from a bank. If I had done so then I would of quickly ran into daily or monthly limits, countless interrogations about money coming in or where could I send it. I would of had daily ATM limits and I’d be paying a countless bunch of middlemen rent to use my own money.
This is why people turn to decentralized systems; not to hide wrongdoing, but to escape random bureaucratic bullshit.
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