Quote from: Odusko on Today at 12:09:12 AM

Quote from: kryptqnick on August 28, 2025, 02:59:22 PM

The Philippines could take a bold step by legalizing the purchase of Bitcoin for its national reserve. On one hand, this is a way to diversify assets, protect against inflation, and attract investors’ attention. On the other hand, the high volatility of cryptocurrency and the risk of losses require strict control and cybersecurity. This experiment could set a trend for other countries if management is transparent and sensible, because without a solid strategy, the government risks losing significant funds, turning innovation into a financial trap.

With the level of corruption in the Philippines, and how their economy have been diversated over the years it make all t of sense for the government to take such bold steps to legalize Bitcoin and implementing it into the government reserves, at least this will boost citizens moral and motivation to take Bitcoin related activities and projects very seriously since in recent time, blockchain and cryptography have become the new phase of financing and the world is adopting with it already.

If Philippines economy is diversified, so I think it's reasonable for them to emphasize the growing importance of Bitcoin Because it acts as a hedge in terms of financial and economic security, even then there may still be some discomfort because we know Bitcoin has always been associated with volatility. The bill this country has introduced regarding Bitcoin reserves, they mentioned that the Bitcoins they collect after the 20-year term will only be used for the government's debt council and then they will approve the sale. It is true that this bill could be important for them as they will be the first Asian country to adopt a sovereign SBR.

Quote from: https://www.unlock-bc.com/147631/philippines-proposes-strategic-bitcoin-reserve-to-strengthen-national-treasury/

Introduced in the House of Representatives as House Bill 421 by Congressman Miguel Luis Villafuerte, the Strategic Bitcoin Reserve Act mandates the Bangko Sentral ng Pilipinas (BSP) to manage the reserve with strict trust and reporting requirements. The bill requires annual purchases of 2,000 BTC, with sales allowed only to offset government debt after the 20-year period.