Philippine lawmaker proposes to establish a national strategic Bitcoin reserve, purchasing 2,000 coins annually

According to news from HashKey, citing Philippine lawmaker Miguel Luis R. Villafuerte's submitted "HB 421 Bill", the Philippines plans to purchase 2,000 Bitcoins annually through the Central Bank (BSP) for 5 years, totaling 10,000 Bitcoins. These Bitcoins will be stored for 20 years to enhance national security and optimize the debt structure. The bill aims to ensure financial stability by establishing a strategic Bitcoin reserve and diversifying asset allocation to address the increasingly important role of global cryptocurrencies in the financial system.