Here in my country our government is currently in the process of regulating Bitcoin including other cryptocurrencies and that is a great news because our government and central bank believes that cryptocurrencies like Bitcoin can help speed up transactions from local and overseas remittances and can also solve other problems. They are also in process of licensing new local bitcoin exchanges. I don't know how popular Bitcoin here in the Philippines because it is not quite mentioned in the local news but I know a lot of people (friends and relatives) that are investing and trading cryptocurrencies.