Philippines Proposes National Bitcoin Reserve: Bill Targets Financial Stability

The Philippines has taken a bold step toward incorporating bitcoin into its national financial infrastructure by proposing the creation of a Strategic Bitcoin Reserve. The bill, introduced by Congressman Migz Villafuerte, aims to accumulate 10,000 bitcoins over five years, with oversight provided by the Bangko Sentral ng Pilipinas (BSP). The initiative seeks to bolster financial stability and enhance monetary transparency, highlighting the country’s increasing interest in digital assets.