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Philippine Congressman Migz Villafuerte has filed House Bill 421 seeking to establish a Strategic Bitcoin Reserve managed by the Bangko Sentral ng Pilipinas. The measure directs the central bank to purchase 2,000 Bitcoin each year for five years—10,000 Bitcoin in total—and to hold the stockpile for 20 years. Proponents say the reserve would strengthen national security, diversify the country’s reserves and provide a hedge against debt pressures. If enacted, the initiative would place the Philippines among the earliest Asian nations to formally accumulate Bitcoin for sovereign purposes.
PHILIPPINES MOVES TO CREATE BITCOIN RESERVE Lawmakers in the Philippines have introduced a bill to establish a national Bitcoin reserve. This could position the country as a pioneer in state-level Bitcoin adoption, signaling rising global interest in crypto reserves. Source: https://t.co/HF5sfnFlXQ https://t.co/k53mHU8U1Q
NEW: 🇵🇭 Philippines Rep. Migz Villafuerte's HB 421 proposes a Philippine Strategic Bitcoin Reserve, directing the BSP to buy 2,000 BTC annually for 5 years (totaling 10,000 BTC) to be held for 20 years to enhance national security and debt stability. https://t.co/2EeLvHUrDP
BREAKING: 🇵🇭 Philippine Congressman proposes a bill to create a national #Bitcoin reserve of 10,000 $BTC, aiming to bolster economic stability and hedge against debt. https://t.co/wbxtnB43cn
