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.
Since the best Export of the Philippines is their people (OFW), I can say that adopting cryptocurrency/blockchain technology is really a good idea so OFW's can now transfer money easily without going to any remittances. Philippines is a great place for cryptocurrency only if all people know how to invest, well its hard for the government to do that but this simple steps can become more big in the future.