I think the Philippines does not ban bitcoin but they Due to recent developments, the Philippine Central Bank is reviewing the regulatory standards for Bitcoin, as it will be possible to have specific standards and regulations and make bitcoins stable and secure, perhaps they have been fooled easily after scammers promised ROI great, at the time they should have learned from their mistakes that it was just a scam. They only think about ROI even they have no knowledge of where / what they invest. This type makes Bitcoin look like a bad investment.