Philippine Lawmaker Pushes Bitcoin Reserve Bill, Calls for 10,000 BTC National Stockpile

TLDR: Philippine Congressman Villafuerte filed House Bill 421 proposing a 10,000 Bitcoin reserve to safeguard economic and debt stability. The bill tasks Bangko Sentral ng Pilipinas to purchase 2,000 BTC annually for the next five years. Bitcoin acquired under the proposed reserve would be locked for 20 years as a national security measure. The initiative [...]

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