Good news, especially to the people who are investing in bitcoin, it shows only that Philippines are really appreciate cryptocurrency. Maybe later there are some countries are convincing to launching cryptocurrency Atm also, because of what the Philippines did.
It is one of the crypto friendly country in Asia. Although PH is a small country, its stand with cryptocurrency and on how it reacts with adoption is very encouraging.
It also increase the number of people who investing in cryptocurrency.
There's a report last year that monthly transactions were increasing up to $40M.