"We are concerned with potential money laundering and consumer protection. We are studying putting virtual currency operators under a more formal regulatory framework," Philippine Central Bank Deputy Governor Nestor Espenilla said, according to Bloomberg.
every country, and everyone with smallest brain is worried about money laundering and all other kinds of criminal activity that can be performed with bitcoin.
The Philippines civilians must worry with his president about to kill everybody has a relationship with drugs(I didn't know if all of the people are including on the drug users). Rather than about some kind of the negative thing of bitcoin.
Bitcoin will keep his rally on the Philippines.