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Philippines lawmaker introduces legislation to acquire 10,000 Bitcoin for national security reserve – TON BOT

Philippines lawmaker introduces legislation to acquire 10,000 Bitcoin for national security reserve

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A Philippine lawmaker has proposed a measure for the central bank to build a strategic Bitcoin reserve by purchasing 2,000 BTC annually for five years, costing over $1.1 billion. The plan aims to enhance financial security by diversifying the nation’s balance sheet and establishing a 10,000 BTC reserve locked in trust for at least two decades. If enacted, the Philippines could become one of the world’s largest state-level holders of Bitcoin, rivaling El Salvador and Bhutan. The proposal also includes a proof-of-reserves system for transparency.

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