According to the local publication ANC, while regulators and officials have repeatedly expressed concerns about the price fluctuations and a senior official of the Central Bank of Philippine, generally accepted on cryptocurrencies, despite careful acceptance among Bitcoin retail investors has requested to be done.
It involves cryptocurrency, especially in the form of a currency, and the central bank of the Philippines has asked the public to understand it as bitcoin. Due to the widespread acceptance and acceptance of the world, they went to increase a scale of about $ 20,000 in the highest level in December. This year, on January 1, 2017, the cost of Bitcoin came to $ 1,000.
Source - https://www.ccn.com/well-study-bitcoin-closely-philippine-central-bank/