It will help the OFW for sending money here but it will not count to the remittances that our country is receiving since it's not regulated and no taxes will get from it. If that happens the PhP value against USDollar will became much lower resulting to high prices that we need to spend when importing basic needs like gasoline in the world market. We bitcoiners will take benefits here but of course we don't want our country to suffer like that and soon we will affected too that's why PH must think up a resolution to this to make bitcoin regulated. Tax are welcome as long as bitcoin is regulated.
Yup, but seeing that most politicians are only in it for the money, sometimes paying taxes is kinda lazy to do since ir ends up only in their pockets. Bitcoin could probably help OFWs to send money without paying much for money transfer services, although it will hurt our GNP so hard if in case all OFWs will use bitcoin for remittances as it will not account for our country's GNP. We're not yet ready for that in a wide scale remittances using bitcoins.