They are already accepted 5 cryptocurrency company in the country and approximately planning to give license for atleast 25 companies to operate in the philippines.
With the current government administration they are starting to adopt and build even in the technological infrastructure.
In more years to come the country will be more open to blockchain technology like japan and other countries.
I think it is nice that businesses and huge corporations are starting to use the block chain technology. Actually a lot of Filipinos had been into crypto as early as it started. There are a lot of Filipinos who are earning decent amount of money because of it. Let's hope that more and more companies or even the government will start adapting cryptocurrency.