With the issue of hackers of amassing huge amount of money and the issues on Money Laundering the Banko Sentral ng Pilipinas (BSP) is looking forward to create a cyber surveillance division whose function is to monitor and implement virtual currency regulations in the country. Having seen the increase of bitcoin users in the country and the huge amount flowing in bitcoin activities, the government has included bitcoin in its watch list. Soon there will be regulations and policy covering bitcoin operations in the Philippines.
can you give me a source of this information, if this is real I'm very exciting with this. The Philippines became one of some countries can make a new blow for another country who always relies on fiat currency became their value. At the same time, this will give some usefulness for Philippines to leave from another countries domination for their currency.