Philippines is very welcoming, and for sure they will adopt this system. I hear a lot of good news from here and I know more Filipinos will be educated enough to invest in cryptocurrency. Some of the exchanges already working to get license from the Philippine government. More countries in Asia will do the same thing and this can really help their economy grow in the future. Congrats for us for this one! 
This is what i like with PH government which they are open when it comes to crypto but just to expect there would really be regulations or laws which would needed to be followed.When it comes to exchange license its good to see another options but i would say nothing would beat Coins.ph. This one just came in 2 days ago. PDAX gets Virtual Currency Exchange license from BSP
https://medium.com/pdax/pdax-gets-virtual-currency-exchange-license-from-bsp-afb8a8dd5ff3
The Philippines central bank really very supportive to cryptocurrencies, because it believes the innovative system that bitcoin and the blockchain technology brings to the Philippines currency system, aside from that the Philippines central bank, believes that blockchain technology is fast and economical when use for remittances. https://medium.com/pdax/pdax-gets-virtual-currency-exchange-license-from-bsp-afb8a8dd5ff3