অনুরাগের ছোঁয়া আজকের পর্ব 23 আগস্ট ফুল এপিসোড | অনুরাগের ছোঁয়া আজকের পর্ব

The Philippine House of Representatives has submitted House Bill 421, named “Philippine Strategic Bitcoin Reserve Act,” which is a significant step toward including bitcoin in the country’s financial plans.

Congressman Migz Villafuerte filed it on August 20, 2025. The country intends to establish a Bitcoin reserve to assist stabilize the economy and secure the nation. According to the law, the country’s central bank, the Bangko Sentral ng Pilipinas (BSP), must buy 2,000 Bitcoins per year for five years, for a total of 10,000 Bitcoins.

According to the news release, these Bitcoins will be stored for at least 20 years, with restrictions on selling or moving them. This proposal to not sell or move Bitcoin will shield the country from economic fluctuations and help manage its obligations.

The BSP will handle the purchasing and storage, with a national council overseeing everything to ensure transparency and honesty. The bill positions Bitcoin as a potential inflation hedge and a tool for improving fiscal resilience, drawing parallels with traditional reserves such as gold.

It advocates amending existing legislation, such as the New Central Bank Act, to integrate this digital currency. This makes the Philippines one of the first countries to formally consider managing a Bitcoin reserve, followed by El Salvador.

El Salvador became the first country to accept Bitcoin as legal money. However, the notion has sparked some debate. Some lawmakers and experts are concerned about the practicality of managing this reserve. This scenario is compounded by ambiguous rules and the volatile value of Bitcoin.

The idea does not specify where the money to purchase Bitcoin will come from. This unpredictability has led to cost worries. However, the measure is still being evaluated, and additional negotiations are planned to determine its specifics and implications.