Asia is now becoming an active part of the cryptorevolution and the government keeps on developing for the sake of innovation. Good to see that they are not doing what other countries do just to get rid and stop people from getting involved with blockchain and crypto.
The blockchain and cryptocurrency is the decade's best technological leap and countries should be able to recognize the many opportunities (and of course the possible threats) that this can be bringing to many industries most especially the world of monetary, finance and the economy. I believe that governments have nothing to be afraid of because in reality they remains to be in control with this technology as the government has the power to immediately shut down anything in connection with this and of course they can laid down the regulations and policies that every legit player should follow. I am happy that the Philippines is now part of this movement and there is now a clear infrastructure and policy regarding this. Mabuhay!