this is great news for the Philippines, this means a big boosts for the market, specifically in the I.T. industry, however, people may not acknowledge this, since when it comes to financial education they are really left behind. It is true the Philippines has on the best stock market in Asia today, but they are ignoring it, most who are investors in the Philippines have Chinese blood and they are more knowledgeable on investments,they don't mind the fees as long as they know they will gain more in return, sad to say that this news will also be ignored by a lot of people, since they are fearing the unknown and they never mind to study it, I just hope this kind of thinking changes, only a few percentage of the population will rejoice because of this news, and on few within that percentage are Filipinos.
The show has already begun and the number of audience is increasing gradually. Legalization of bitcoins by central bank, which plays very important role in any country's economy, is definitely a big step forward. I also agree with you on the Chinese and Philippines skill level in trading. May be still many people ignore this advancement, but bitcoins are making progress and that’s good news.