I commend the efforts of the Philippines in their desire to become amongst those who are establishing a Bitcoin reserve as this would elevate their economic sovereignty and would also help to reshape the Philippines approach to financial resilience.
Although the bill is yet to be passed into law and is currently pending, this act shows that day by day, countries are beginning to see the need and importance of owning a Bitcoin reserve.
I’m from Philippines and this is very good news as Bitcoin enthusiasts however passing this bill will be very considering that’s there’s huge amount of money involved while our country doesn’t have any strong support on Bitcoin investment.
Maybe this will be approved on the next administration if ever there will be a change on political views since Philippines is now undergoing a major purging on corruption politicians with their malicious projects.
It's a good thing to hear the first hand take of a citizen of Philippines. Honestly, I feel that the creation of a Bitcoin reserve would go a long way into helping more individuals adopt Bitcoin even though at the moment, there seems to be a resistance in support of Bitcoin.
Lolz, never say never. Maybe the bill can be put into law in this current administration..Either way, it would go a long way for them cause if I'm not mistaken, no country who has come up with the plan of making a Bitcoin reserve that has actualized it so if your country becomes the first, it would set a rolling stone for others to follow.