It is a good news for Crypto users, because day by day there is happy news about crypto legalization. It should be followed by other country that Crypto need a regulation not ban because there is much potential inside, it is not only about money industry but more than it. Therefore, what Philippines decides is good, it can be an example for other country.
Philippines is open minded in this kind of business cause they see the potential of cryptocurrency it brings good future to all Filipino bitcoiners. Hopefully some other countries will not banned cryptocurrency.