Philippines Proposes $1.1 Billion Bitcoin Reserve Through National Legislation

The Philippines is taking a proactive approach to managing its financial future by proposing a national Bitcoin reserve program. House Representative Miguel Luis Villafuerte introduced House Bill 421, advocating for the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 Bitcoin annually over five years. This move, part of a Strategic Bitcoin Reserve Act, aims to secure against global economic volatility and address rising sovereign debt.