philippinescrypto

🇵🇭 HOW REMITTANCES DRIVE CRYPTO ADOPTION IN THE Philippines
Millions rely on overseas income.
Crypto helps with: • faster transfers
• lower fees
• financial inclusion
Utility beats speculation here.
👉 Is remittance the strongest crypto use case?
#PhilippinesCrypto #Remittances

🏅Congressman Miguel Luis Villafuerte has introduced House Bill 421, proposing that the #PhilippinesCrypto acquire 10,000 over five years. The plan calls for purchasing 2,000 $BTC annually it through the central bank Bangko Sentral-ng Pilipinas.

👉The proposed reserve would require 20-year cold storage with strict restrictions on sales. Itcould only be sold to retire government debt during the holding period, with additional limits after the lockup expires.

👉The bill emphasizes growing significance in ensuring financial and economic strength across continents. Post-lockup, the central bank governor cannot sell more than 10% of assets over any two-year period.

👉If enacted, the Philippines would join El Salvador and Bhutan in embracing it as a national strategic asset. According to Bitbo data, governments worldwide currently hold 517,296 $BTC , representing 2.46% of the total supply.#BTCWhalesMoveToETH #CryptoNewss