Philippines Eyes Bitcoin in National Reserves, Following Global Trend

The Philippines’ legislative body is proposing a groundbreaking measure: incorporating Bitcoin into the country’s national reserves. The Strategic Bitcoin Reserve Act (House Bill 421) seeks to establish an annual Bitcoin purchase program from 2023 to 2028, with a total commitment of 2,000 BTC. This initiative aims to diversify financial holdings, bolster economic security, and tap into the growing cryptocurrency market.