Do you think the call for inquiry relative to bitcoin at the policy making body like the House of Representatives in the Philippines would help in determining the future of bitcoin and its price?
I wouldn't think that it will have a significant effect on the overall price of bitcoin because The Philippines is quite small as comparde to other Asian Tigers like Japan, South Korea or even China. The only one being affected here will be the Filipino bitcoin community and crypto enthusiast in the country. I don't know what will be the outcome if there will be one Senate inquiry against crypto but local trading exchanges coins.ph have been complying with BSP (local Central Bank) with regards to AML/KYC policies of the government already.