Along with the occurrence of many cases where ICO promoters disappeared by taking away some investors' money. The Philippine Securities and Stock Exchange Commission is currently working on a policy that will regulate cryptocurrency transactions such as bitcoin, to protect investors and reduce the risk of fraud. And they hope that regulations that will cover the issuance and registration of these virtual currencies, are expected to be completed this year.
It seems that Filippines decided to go ahead. A good push, we will wait for news about other countries.
That's right, friend. Maybe, one by one they will join to legalize it hopefully the future of bitcoin will be better.