This is a another milestone for bitcoin, more and more asian countries are accepting bitcoin as currency, hopefully this has some reliable source, in order for us bit to be skeptical, since what we have on social media can be edited. If this is true though, more and more good news will sure to follow, i think malaysia legalized bitcoin followin india, since there are a lot of indian nationals also living in malaysia, this is a good thing though, they need not to exchange malaysian currency to rupees anymore since now they have bitcoin, they could just simply fly over to india and use their bitcoins and vice versa, this is also good for the malaysians, knowing that their country is more advance than the philippines, malaysia will sure to make use bitcoin and and gain more advantages. I hope you will also share the link, since i haven't read news yet from malaysia, it is always china, russia and india as of the moment, still more and more malaysians will get rich because of this, and hopefully they already found a way on how they can regulate bitcoin on their end, since that is always the problem.
Yes definitely this has been a very good inspiration for people of Asia to adopt bitcoin, and specially India to use bitcoin. Due to the legalization of bitcoin recently in many Asian and other developing countries too. The more people adopt bitcoin, the more it will become stable and volatility will be a bit more predictable. The price will also be supported above a certain point and won't drop below that, which will definitely help to keep people's trust in BTC more stable.