Bitcoin as a state reserve: Philippines introduces bill

INFBusiness
26.08.2025
News

While the strategic Bitcoin reserve has already been decided in the US, the crypto debate is increasingly spilling over into other countries.
For example, on June 30, 2025, Philippine Representative Miguel Luis R. Villafuerte introduced Bill No. 421, formally titled “An Act to Establish and Appropriate Funds for the Strategic Bitcoin Reserve.”
The measure was read in the House of Representatives on July 29, 2025, and is currently in the Committee on Banking and Financial Intermediaries.
The law stipulates that the country's central bank (BSP) will purchase 2,000 Bitcoin annually for five years, with a lock-up period of 20 years. At the end of the term, this would be equivalent to 10,000 Bitcoin.
This would make the country one of the first in Southeast Asia to introduce BTC as a strategic asset. The Philippines would accumulate additional Bitcoin over time and allow the sale of reserves solely for the purpose of repaying government debt.
“The increasing importance of BTC in securing financial and economic performance on all continents makes it imperative for the country to take significant legislative action,” writes the MP behind the Bitcoin plans.
After the holding period, the central bank governor could not sell more than ten percent of the assets within a period of two years.
In his bill, Villafuerte emphasizes that the addition of additional countries to strategic Bitcoin reserves could trigger a global buying wave. He points to the limited supply of 21 million BTC and names the US, China, and the UK as the largest Bitcoin holders.

He also points to the 40 percent annual growth rate over the past five years, adding that the Philippines needs to capitalize on the increasing role of cryptocurrencies in global markets.

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