Many people in the phillipines are already adopting bitcoin because of the pretty good investment of it and the good transactions are so smooth to have. But not to get scam or to experience about to that so scared and worry about.
Philippines really welcomes bitcoin with open arms.Bitcoin gives opportunity many Pinoy which lead to opening an economic zone dedicated to blockchain technology the Cagayan Crypto Hub. The completion is high with other countries to this new exciting technology and Philippines is doing their share too.
You can read updates on Philippine Fintech news here
https://www.facebook.com/FintechPhilippines/Philippines , although not so advance country but they are fast in adoption of bitcoins and technology. Due to this, they will soon become one of the strongest country. More countries are also adopting the bitcoins but few are still looking to ban the coins which will not benefit those countries themselves.