"Thus, in a bid to prevent future terrorist attacks, the Philippines has to ramp up efforts to implement Anti-Money Laundering and Countering Financing of Terrorism in cryptocurrencies."
They can't stop it if these people will not use an exchange to fund the terrorist.
Actually, it's easy to launder using bitcoin as we have a lot of bitcoin mixers that cannot be regulated, so it's almost impossible.
What the government can only regulate is the local exchange like coins.ph, they need to strictly impose the policy on KYC and anti money laundering..
this will put bitcoin in bad light but the government should not result to banning bitcoin because it also has a good effect on our economy as the transaction of crypto in the Philippines have significantly increase.