The Philippines and the Filipinos have nothing to fear since we are brave people. We are not afraid of the changes brought about by cryptocurrency instead we are embracing them as we don't want to be left behind with the future. Usually, governments who are control freak and have dictatorial tendencies and strange agenda like China, Russia, North Korea are the countries which will never be comfortable with Bitcoin. Maybe they are hiding something and they don't want their people to know the whole truth of what they are doing. Cryptocurrency can mean power to the people and Philippines is the land where the idea that people and the military can topple a dictatorial regime was born.
I am then proud to the whole world that we have a Central Bank which is open to new changes and is not thinking backward just like China. I do admire China but we are all aware of the kind of control the regime is playing with their people even up to now. China is now playing a giving bully in Asia. It gets want it want to have in exchange for some "carrots" and gifts.
Bitcoin has a good future in the Philippines!
I am a proud Filipino too. We have the regulation by banks and I can still say that transactions are fast. I am really curious about how many Filipinos are into virtual currencies because as I have observed, there are many present in these forum.
I just hope that there will be no taxes. If there will be taxes I hope that it's for a useful purposes like for our economical development. Because I know that our country is full of people who are fast adaptors especially when it come to job opportunities. Very hard working.