It's a pretty small market to affect the whole space if you'd ask me.

Yes agree, Philippines is way too small to affect the bitcoin price. Bitcoin price depends mainly on China, where now the housing market bubble created a lot of money. People put the money in untraceable currency like bitcoin to avoid taxation and others (remember not all money are legal there)

The rally can only be stalled if the majority of the push were coming from the Philippines and I am not sure that it is acctually the driving force behind this latest rally. So let's just tick it off as a contributing factor and not the force behind it. The regulation is not entirely a bad thing, if it's primary goal is to control criminals from using the technology for illegal money laundering and other crimes. We should just concentrate on what is in front of us now, and that is riding the wave of success. ^smile^

As if the Philippines doing anything is going to have a major effect on bitcoin. I can't see how anybody would really care?

So minor acts of money laundering (at lest compared to fiat money laundering scale, which is significantly higher) and fake concern about customers will limit cryptocurrency revolution?
I guess Philippine government is a little hasty and a bit too vigilante after they had to take care of their rampant drug crisis.

Who do they consider to be "operators" - wallet holders, exchanges, or merchants.

The real revolution for Bitcoin will be the time when exchanges are redundant.

regulations can never stop bitcoin revolution. people are going to continue buying bitcoin and invest in it and continue the rally forward. and besides last time i checked it is not yet regulated there and if it becomes regulated people are going to move on to buying bitcoin through other channels like localbitcoins and we all know that always increases the price.

so if anything that will only help the rally.

Ah, beloved Philippines lashing out blindly again. They're not even doing their job to regulate banks. Remember that time when Chinese hackers was able to cash out Bangladeshi money from the Philippines? Those are the sort of problems BSP should be focusing on. And what are they doing to stop money laundering in those casinos? Jeez..

There will be no effect,not because the Philippines is a small market but because,the government are more in fighting drugs syndicate and corruption,it is hardly a news here in the Philippines,because coins.ph the Philippines local exchange is already regulated..