The Philippines Proposes Strategic Bitcoin Reserve for National Security

According to Foresight News, Philippine Congressman Migs Villafuert has introduced Bill 421, proposing the establishment of a strategic bitcoin reserve for the country. The bill stipulates that Bangko Sentral ng Pilipinas (BSP) should purchase 2000 bitcoins annually for five years, totaling 10,000 bitcoins. This reserve is planned to be held for 20 years to strengthen national security and stabilize government debt.