Philippines Plans Strategic Bitcoin Reserve for Financial Stability

The Philippines is exploring a new approach to financial security by proposing a Strategic Bitcoin Reserve Act. This legislation aims to establish a national cryptocurrency reserve, consisting of 10,000 BTC, as a hedge against global economic volatility and to bolster the nation’s financial stability. Debt management remains a key consideration, with outstanding debt currently exceeding $281.6 billion (P16.09 trillion), and over 32% attributed to foreign holdings. This reserve aims to serve as a long-term safety net for the country’s financial future.