In this light, Japan has become the first country to regulate the exchange of crypto-currencies at the national level, part of the government's efforts to use financial technologies as a means of stimulating the economy.
Japan's provisions help prevent misuse of bitcoins and other crypto-conversions for illegal activities and require banks and other companies to verify identity, store reports and report suspicious transactions.
The government of the Philippines will soon decide on how to treat Bitkoyn, we will wait for good news from other countries.