Philippines is now becoming a cryptofriendly, and this can help to boost their economy.
Despite of scams (Bitcoin Scam: https://bitpinas.com/news/php-900-million-bitcoin-scam-rocked-the-philippines/) happening around the Philippines they are still open for the possibility of adopting this technology, and the good news is Philippines is now granting a Licenses for the 3 crypto exchanges.
Here's the link: https://cointelegraph.com/news/philippine-special-economic-zone-grants-licenses-to-three-crypto-exchanges
I just hope that they will make a good regulations about this, and no politics involved about this thing.
Despite of scams (Bitcoin Scam: https://bitpinas.com/news/php-900-million-bitcoin-scam-rocked-the-philippines/) happening around the Philippines they are still open for the possibility of adopting this technology, and the good news is Philippines is now granting a Licenses for the 3 crypto exchanges.
Here's the link: https://cointelegraph.com/news/philippine-special-economic-zone-grants-licenses-to-three-crypto-exchanges
I just hope that they will make a good regulations about this, and no politics involved about this thing.
It will be the good news for the people in Philippines.This will enable the new people to inverse in bitcoin. It increase the demand of bitcoin in the market.If all the country ,start to regulate the bitcoin or make bitcoin as a legal tender.It will impact the price of bitcoin to the moon.