Keynote
Philippine lawmakers propose a national Bitcoin Reserve with annual purchases of 2,000 BTC for five years. BTC sales are locked for 20 years as they are permitted to retire from government debt. The plan aims to diversify national reserves and place the Philippines as a leader in digital assets adoption.
Miguel Luis “Migus” Villa Fuerte, a Filipino House member and the youngest elected governor in his former history, has submitted a new law to make Bitcoin
BTC
$115 663
24-hour volatility:
2.2%
Market Cap:
$2.30 t
Vol. 24H:
$48.54 b
A portion of the Philippines’ sovereign reserves.
The proposal, introduced under House Bill 421, directs Banco Central Ng Pilipinas (BSP) to purchase up to 2,000 BTC per year for five years and establishes a 10,000 BTC reserve.
To protect its holdings, the central bank detained Bitcoin in cold storage, distributed across multiple safe facilities, minimizing systematic risk.
Why the Philippines is considering Bitcoin Reserve
Villafuerte, who is part of the House of Representatives committee on information and communication technology, claimed that the Philippines, which recently adopted polygons, claimed
Matic
$0.25
24-hour volatility:
4.0%
Market Cap:
$324.95 m
Vol. 24H:
$1.32 m
For document verification, diversification must be beyond its dependence on US dollar and gold reserves.
He described Bitcoin as a form of “digital gold” that can protect the nation’s financial security against external shocks and currency dependence.
Lawmakers noted that the list of global precedents is growing. El Salvador’s state accumulation strategy, policy debates in Brazil, Switzerland and Poland, and US Sen. Cynthia Ramis has reevaluated the gold medal for the Bitcoin Reserve, which is openly supported by President Donald Trump.
Under the proposed framework, BSPs will be prohibited from selling or using Bitcoin Holdings for 20 years, unless the sale directly leaves government debt.
One year before the lockup expires, the central bank must submit a report every two years to Congress recommending either an extension of the reserve strategy or a phased release of shares held.
When enacted, the Philippines will become the first Asian country to legislate a sovereign Bitcoin reserve strategy, positioning it at the forefront of digital asset adoption in national monetary policy.
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Ibrahim Ajibade is a veteran research analyst with a background in supporting a variety of Web3 startups and financial organizations. He holds a bachelor’s degree in economics and currently holds a master’s degree in blockchain and distributes ledger technology at the University of Malta.
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