Cryptocurrency transactions has been on the rise in the philippines.
They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.
With the current government administration they are starting to adopt and build even in the technological infrastructure.
In more years to come the country will be more open to blockchain technology like japan and other countries.
We may see cryptocurrency emerging a lot in the Philippines but we cannot ignore the fact that it is still not legal nor illegal so the status of crypto in the country is still unstable. There are a lot of investors here already and the last thing the Philippine bank did was to release some precautions about the potential danger we may encounter while investing in crypto.