US EditionPhilippine Bill Charts Path to Strategic Reserve with 10,000 Bitcoin
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18 Articles
Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal – #CryptoUpdatesGNIT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Filipino lawmaker Representative Migz Villafuerte has introduced House Bill 421, which seeks to establish a strategic Bitcoin (BTC) reserve for the Philippines. The bill tasks the Bangko Sentral ng Pilipinas (BSP) with acquiring 10,000 BTC over the next five years. Philippines Politician Floats Strategic Bitcoin Reserve Bill Under the proposal, th…
Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal
Filipino lawmaker Representative Migz Villafuerte has introduced House Bill 421, which seeks to establish a strategic Bitcoin (BTC) reserve for the Philippines. The bill tasks the Bangko Sentral ng Pilipinas (BSP) with acquiring 10,000 BTC over the next five years. Philippines Politician Floats Strategic Bitcoin Reserve Bill Under the proposal, the BSP would be responsible […]
The bill would require the Philippine central bank to buy 2,000 Bitcoin annually for five years and hold assets for at least two decades. *** Philippines the world's next sovereign Bitcoin whale? Philippine bill proposes the state to buy 2,000 BTC annually for five years. They would not sell a bitcoin for at least two decades. If passed, the Philippines would become a global benchmark for Bitcoin adoption. The Philippines could become the next a…
Philippines Weighs Bitcoin Reserve Bill Targeting 10,000 Bitcoin
The Philippines is considering legislation that would establish a government-held Bitcoin reserve, a move that could position the country among the early adopters of the asset in Southeast Asia.The proposal, filed in June by Camarines Sur Representative Migz Villafuerte, calls for the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 Bitcoin annually over a five-year period, creating a reserve of 10,000 Bitcoin or approximately $1.1 billion.Th…
Lawmakers Push Plan to Make Bitcoin Part of Philippines’ National Reserves
The proposed legislation — the Strategic Bitcoin Reserve Act (House Bill 421) — calls for the BSP to purchase 2,000 BTC annually for five years and hold the assets in trust for at least two decades. Committee chair Migz Villafuerte, who sponsored the bill, argued that building a Bitcoin reserve would diversify the country’s financial holdings, strengthen economic security, and allow the Philippines to benefit from the cryptocurrency economy. “St…
A Philippine lawmaker has proposed creating a strategic reserve of 10,000 Bitcoins (BTC) to ensure the country's national security and economic stability. Philippine Congressman Migz Villafuerte, with Bill 421 introduced in the House,… Lawmaker Proposes Purchase of 10,000 Bitcoins: Total...
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