That would be good for people in the Philipines if the bank recognize bitcoin. In fact it may draw lot of supporter in the country if the statement comes from the bank and will be benificial to those that might want to engage in trading as it have potential earning for common people.
For sure it will be the best for the future of the bitcoin because now a lot of new countries like India is making bitcoin legal, I saw the news on the TV it is the great news for all of us. Because it is the beginning of the bitcoin legalization and to make it famous worldwide, bitcoin will spread more than how it is going right now so it is best for the bitcoin and the investors of the bitcoin.