A digital asset
investment fund
Viska is an alternative investment fund based in Iceland that invests in digital assets.
Viska is an alternative investment fund based in Iceland that invests in digital assets.
A key lawmaker in the Philippines has formally urged the nation's central bank, Bangko Sentral ng Pilipinas (BSP), to establish a strategic national reserve of Bitcoin. The proposal comes from Rep. Migz Villafuerte, chairperson of the House Committee on Information and Communications Technology (ICT). This public call puts significant pressure on the BSP to formally consider how digital assets could be integrated into the country's national treasury strategy.
News report from PoliticoPH as of 22.8.25
Rep. Villafuerte's initiative calls for the BSP to move beyond simple regulation and proactively adopt Bitcoin as a reserve asset. The proposal is framed as a strategic move to diversify the country's Gross International Reserves and modernize its financial system. By urging the central bank to act, the lawmaker is attempting to kickstart a national conversation and push the Philippines towards becoming a regional leader in digital asset adoption.
Official proposal from the lawmaker to establish BTC reserve, as of 21.8.25
The lawmaker's push is rooted in the unique economic landscape of the Philippines, particularly its heavy reliance on overseas remittances. With billions of dollars sent home annually by Filipino workers, a significant portion already flows through crypto channels to reduce costs and settlement times. The proposal suggests that a national Bitcoin reserve would strategically align the country's treasury with these powerful, existing economic corridors, leveraging a technology that is already widely used by its citizens.
A high-profile proposal from a government official in the Philippines, a significant economy in Southeast Asia, creates a powerful ripple effect. It challenges neighboring countries to move beyond a purely regulatory stance and begin formulating their own proactive national strategies. This political push could accelerate a regional trend where nations compete to become hubs for digital asset innovation, forcing the hands of otherwise cautious central banks.
The call from Rep. Migz Villafuerte for a national Bitcoin reserve shifts the conversation in the Philippines from a technical banking issue to a political and strategic one. It highlights a fundamental principle of this asset class: that ultimate responsibility for adoption often begins with a forward-thinking strategic vision. The success of this initiative will now depend on the BSP's response and its willingness to engage with this push to formally integrate digital assets into the national framework.
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