The Philippines Proposes Strategic Bitcoin Reserve to Tackle Debt
The Philippines is the latest country to explore the creation of a strategic Bitcoin reserve. The bill was introduced by Congressman Migz Villafuerte. According to reports, the bill will allow the Philippine central bank, Bangko Sentral ng Pilipinas (BSP), to purchase 2000 Bitcoin (BTC) annually over five years. The central bank will hold the asset for 20 years. The BTC reserve will increase national security and help tackle the country’s debt. The bill has been introduced in the House and is yet to be debated on and passed. More Bitcoin Adoption Worldwide? Source: Watcher.Guru More and more nations are becoming open to creating a Bitcoin reserve for national and financial security. President Trump made it a mission to strengthen the US digital asset industry. Trump signed an executive order within weeks of entering office to create a digital asset reserve for the US. The Philippines is the latest country in an ever-growing list to consider creating a strategic Bitcoin reserve. Bi...