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.
Right, migrant workers is one factor why Philippines economy is somewhat surviving at this difficult time. Billions of US dollars every year are coming to the economy just from the OFW's alone. As far as investing though, I'm pretty sure that not only in the Philippines you will see noobs jumping on the crypto bandwagon in hope of getting rich. I also would like to see other Asian neighbors getting on-board on crypto/blockchain so that we can truly call Asia the leader in this emerging technology.