Actually bitcoin is already legal here in the Philippines. I even read an article wherein the Central Bank of the Philippines is welcoming and announcing to public the legality of bitcoin. They just warned everyone to atleast be safe as bitcoin is really risky. But with this news it will even be more familiar and popular with the Filipinos.
I strongly agree on your opinion that, bitcoin is already legal here in the Philippines and I also read the article wherein the Central Bank of the Philippines is welcoming and announcing to public the legality of bitcoin. And adding also my opinion that, When a country decides to accept bitcoin this means good news for bitcoin, the chances to grow are now bigger. On the other hand, Bitcoin is already accepted in Philippines before and has been already regulated by Philippine Central Bank and accepted to many Filipinos.