Philippine Strategic Bitcoin Reserve Act Could Position The Country as a Pioneer in Asia’s Crypto Landscape

Philippine Congressman Miguel Luis “Migz” Villafuerte filed House Bill 421, titled the “Philippine Strategic Bitcoin Reserve Act,” proposing the establishment of a government-managed Strategic Bitcoin Reserve. The bill directs the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 Bitcoin (BTC) annually for five years, totaling 10,000 BTC, valued at approximately $1.1 billion at current market

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