This only shows that Cryptocurrency is now being accepted bit by bit on a global scale. If a 3rd world country like the Philippines has openly embraced cryptocurrencies as an opportunity for economic change, what more for the more powerful ones? Surely they are more advanced in technology and should understand how crypto works and what would be its benefits. But of course, it is not that simple considering there are still some legalities at hand. Bottomline, digital or virtual currency is making a mark in our global monetary system which if used accordingly will surely bring about great changes for this world.
Philippines in terms of technology adoption stands high as common people too show interest on using cryptocurrencies knowing its underlying technology and the good that they can get out of it. I believe there will be more operations in first world countries taking place in terms of institutional adoption and in small scale, but informations won't be revealed as everything happens indirectly or in a hidden way.