The Philippines continues to embrace crypto-currency. Crypto-currency has been very active in the Philippines these past few months and its government is taking notice, positively. Studies has been going on left and right by the government and private sectors on how to regulate crypto and make full use of it for the public's advantage.
Here's another article about it. I just hope it continues to grow more and make it a part of everyone's lives.
https://www.ccn.com/philippines-to-issue-25-cryptocurrency-exchange-licenses-in-economic-zone/Yes, it is a very approach of the Government to embrace this matter. In fact, they give a guidelines on every crypto-exchange applicants to comply together with SEC requirements. Some of this requirement is 1million$ investment in CEZA (Cagayan Economic Zone Association) and a tangible office. For those who are interested in applying license as crypto-exchange in the Philippines, you can DM me, I will guide you through the process.