http://www.newsbtc.com/2017/02/08/philippines-bangko-sentral-recognizes-bitcoin-payment-system/According to this article the Philippines Bangko Sentral Recognizes Bitcoin as Payment System. The article also added that Bangko Sentral states sees the virtual currencys potential to revolutionize the delivery of financial services. Additionally, they also mention how bitcoin provides financial inclusion, which is something traditional financial solutions have been unable to provide. This statements coming from the Central Banks of the Philippines will give a potential impact on the rise of bitcoins value on the market. And not only that, the Philippine Central Bank is not the only bank that sees the merits of bitcoin but also the the Central Bank of Nigeria.
Interesting, my colleague made a thesis about the legalization of bitcoin in the Philippines and they were able to interview a lawyer at the BSP (Central Bank). The lawyer said that they see bitcoin as property, not currency thus not being subject to legal tender. With the recent article you provided, this conflicts with their statement before (I think last 2-3 months ago) and I guess that it is due to bitcoin's price increasing everyday. My colleague interviewed the lawyer when prices were around $2000-$3000, and I guess they changed their decision when they saw the implications and opportunities of bitcoin in the economy.