List of Blockchain and Bitcoin Bills Filed in the Philippines

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With other countries slowly adapting cryptocurrency and blockchain technology, Philippine lawmakers of the 20th Congress are now also stepping up efforts to regulate and harness web3 tech in 2025, with a series of bills filed in both the House of Representatives and Senate of the Philippines seeking to establish clearer rules for bitcoin use, digital asset trading, and government adoption of blockchain technology.

• Updated on September 24, 2025: Attached the content and the official document of HB 4611.
• Updated on September 29, 2025: HBs 4792 and 4853 are added.

Local Blockchain Bills Filed This 2025

HB 4075: Blockchain Technology for Government Efficiency Act

Full title: An Act Recognizing, Prescribing, and Regulating the Use of Blockchain and Distributed Ledger Technology in Government Transactions, Records, and Public Services, and for other purposes.

Date Filed: August 27, 2025 

Principal Author: Ilocos Norte 2nd District Rep. Angelo Marcos Barba

Bill Status: Pending with the Committee on since September 1, 2025

Objectives

• To institutionalize and strengthen the use of blockchain and related technologies in government.
• To ensure transparency, efficiency, and accountability in government operations and services.
• To provide a clear framework for adoption and regulation.
  

Key Provisions

• Recognition of blockchain, distributed ledger, and smart contracts as valid tools for government operations.
• Government agencies mandated to integrate blockchain into relevant processes (e.g., data storage, transactions, and record-keeping).
• Establishment of standards and guidelines for blockchain use in government.
  

Implementing Agencies

• Primary implementation is left to designated government agencies as outlined in the bill (coordination with ICT-related agencies is implied).
  

Funding / Appropriations

• To be sourced from the budget of implementing agencies or as provided in the General Appropriations Act.
  

Penalties / Compliance

• Not detailed yet; compliance is mandated through agency implementation.
  

Significance

• Promotes transparency and trust in government spending and services.
• Strengthens safeguards against corruption and fraud.
• Encourages modernization of public sector systems.

BitPinas Article: Ilocos Norte Congressman Pushes Blockchain Bill to Modernize Government Services

HB 4380: Philippine National Budget Blockchain Act

Full Title: An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to Enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process

Date Filed: September 8, 2025 

Principal Author: Negros Occidental 3rd District Rep. Javier Miguel Benitez

Bill Status: Pending with the Committee on Appropriations since September10, 2025

Objectives

• To promote the growth and development of blockchain technology in the Philippines.
• To position the country as a leader in blockchain innovation in Asia.
• To create an enabling regulatory and economic environment for blockchain adoption.
  

Key Provisions

• Establishment of a Blockchain Technology Development Council to oversee policy-making and implementation.
• Creation of programs to support research, development, and innovation in blockchain.
• Promotion of blockchain adoption in government, finance, trade, supply chains, healthcare, and other sectors.
• Support for capacity-building and skills development in blockchain.
  

Implementing Agencies

• The proposed Blockchain Technology Development Council will serve as lead agency, with coordination from ICT, finance, and education agencies.
  

Funding / Appropriations

• To be included in the General Appropriations Act and other available government resources.
  

Penalties / Compliance

• The bill is primarily developmental in nature; no penalties are emphasized.
  

Significance

• Establishes a national framework for blockchain promotion and regulation.
• Encourages innovation and investment in the blockchain sector.
• Enhances public service delivery, business efficiency, and digital competitiveness.

BitPinas Article: Negros Occidental Rep Files Bill For Blockchain-Based Budget System

HB 4489: Philippine National Budget Blockchain Act

Full Title: An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process

Date Filed: September 9, 2025 

Principal Author: FPJ Panday Bayanihan Partylist Representative Brian Daniel Poe Llamanzares

Bill Status: Pending with the Committee on Appropriations since September 15, 2025

Objectives

• To promote transparency, accountability, and good governance in the management and disbursement of public funds.
• To ensure that every allocation, disbursement, procurement, and expenditure is recorded, traceable, and verifiable.
• To increase public participation and oversight in the budget process by giving citizens and oversight institutions real-time access to budget data.

Key Provisions

• The Department of Information and Communications Technology (DICT), together with Department of Budget & Management (DBM) and Commission on Audit (COA), shall create a system where all national budget activities are recorded as DPAs on blockchain.
• Records from budget preparation, legislation, execution, audit etc., shall be included.
• Smart contracts may be used to automate fund releases contingent on milestone verifications.
• A public-facing portal is to be provided so that citizens, COA, and oversight bodies can verify in real time the flow of funds down to specific agencies, projects, and beneficiaries.
• Existing government financial systems (budgeting, procurement, reporting) must be interoperable / anchor to the blockchain system.
• System Features:
  • Immutability: Transactions cannot be altered or deleted.
  • Decentralization: Validation distributed across multiple institutions.
  • Traceability: Funds tracked from appropriations to final use.
  • Security/Resilience: Cryptographic safeguards, redundancy, and disaster recovery.
  • Interoperability: Compatibility with current and future government systems.

Implementing Agencies

• The DICT will lead the development and maintenance of the blockchain budget system with support from the DBM for data integration and the COA for audit standards.
• All government agencies and Government-Owned or Controlled Corporation (GOCCs) are mandated to integrate their systems and submit timely reports.
  

Funding / Appropriations

• Initial Funding: ₱500,000,000 for the first phase (setup, development, capacity building) from existing national funds.
• Ongoing Funding: Further amounts as necessary to maintain, integrate, and run the system will be included in future national budgets.

Penalties / Compliance

• While the bill does not set explicit penalties, it requires agencies to integrate systems, submit timely reports, and meet standards, with failure to comply constituting a violation of the law once enacted.
  

Significance

• Would significantly increase transparency and traceability in the national budget process, potentially reducing corruption, misuse, leakages.
• Provides citizens, oversight bodies (like COA), and the general public with real-time access to data on how public funds are allocated, disbursed, and used.
• Modernizes government financial management, aligns with digital governance best practices.

BitPinas Article: Rep. Brian Poe Files Bill to Place National Budget on Blockchain

HB 4611: Government Budget Blockchain Act

Full Title: An Act Mandating the Use of Blockchain Technology in the Formulation, Implementation, and Monitoring of the Government Budget to Promote Open Governance and Citizen Engagement

Date Filed: September 16, 2025 

Principal Author: Calamba City Rep. Charisse Anne C. Hernandez

Bill Status: Pending First Reading

Objectives

• To promote transparency, accountability, and efficiency in the use of public funds.
• To address fund leakages, inefficiencies, delays, and limited public participation in budget monitoring.
• To provide an immutable, tamper-proof, and accessible ledger of government financial transactions.
• To encourage citizen engagement and oversight in government spending.

Key Provisions

• Establishment of the Government Budget Blockchain System (GBBS) covering all stages of the budget process down to the barangay level with the following features:
  • Immutability
  • Decentralization
  • Traceability
  • Security
  • Resilience
  • Interoperability.
• All budget records encoded as Digital Public Assets (DPAs) on blockchain.
• Use of smart contracts for automated fund release upon fulfillment of milestones.
• Public-facing portal to provide real-time, verifiable access to budget data.
• Mandatory integration of all government financial systems into the blockchain platform.
  

Implementing Agencies

• DICT will serve as the lead implementing agency, responsible for the design, deployment, and maintenance of the system in partnership with private sector and academic institutions. 
• DBM will oversee the integration of the national budget processes into the blockchain platform, while DILG will ensure the participation of local government units. 
• COA will incorporate blockchain into its auditing systems and standards. 
• All other government agencies, GOCCs, and LGUs will also be mandated to comply with the integration requirements.
  

Funding / Appropriations

• Not explicitly stated in the bill; funding expected through government appropriations and agency budgets.

Penalties / Compliance

• The bill does not prescribe specific penalties.
• Compliance is mandated through the integration requirement for all agencies.
  

Significance

• It seeks to institutionalize open governance and citizen participation.
• Provides real-time monitoring of every peso allocated and spent.
• Aims to reduce corruption, inefficiency, and manipulation of data.
• Positions the Philippines as a pioneer in adopting blockchain for governance and fiscal transparency.

BitPinas Article: Calamba Representative Files 4th Blockchain Bill in Lower House

HB 4792: Philippine Tokenization and Crypto Adoption Act of 2025

Full Title: An Act to Create the National Council on Digital Assets and Tokenized Investments (NCDATI) for the Purpose of Establishing a National Framework for Real-World Asset Tokenization, Responsible Cryptocurrency and Stablecoin Adoption, Development of Local and Foreign Exchanges, Promotion of DeFi, and Retail Crypto Payments, Providing for Citizen Participation, Investor Protections, and Other Purposes.

Date Filed: September 23, 2025 

Principal Author: Caloocan City 2nd District Rep. Edgar Erice

Bill Status: Pending with the Committee on Banks and Financial Intermediaries since September 25, 2025 

Objectives

• To promote responsible blockchain adoption for inclusive economic growth.
• To protect consumers, OFWs, and retail investors from scams and unsafe platforms.
• To position the Philippines as a blockchain innovation hub.
• To encourage voluntary crypto use in commerce.
• To provide mechanisms for citizen participation in policymaking.

Key Provisions

• Creation of National Council on Digital Assets and Tokenized Investments (NCDATI) under DOF with representation from government, industry, OFWs, and civil society.
• Establishes regulatory framework for tokenization of assets, stablecoins, exchanges, DeFi, and PPP projects.
• Mandates citizen consultations and consumer protection standards.
• Recognizes fiat- and RWA-backed stablecoins under strict reserve and disclosure rules.
• Provides rules for retail acceptance of crypto payments (with peso-equivalent receipts).
• Sets ceilings and risk disclosures for retail and OFW investors.
• Introduces reporting, transparency, and annual audits.

Implementing Agencies

• The DOF will serve as the lead agency, supervising the operations of the NCDATI. 
• The BSP and the SEC will handle licensing, regulation, and investor protection. 
• The DICT will establish and enforce cybersecurity standards. 
• The DTI will be responsible for MSME education and promoting retail adoption of blockchain and crypto use. 
• The National Economic and Development Authority (NEDA) and the PPP Center will oversee tokenization in public-private partnership projects. 
• The Cooperative Development Authority (CDA), the Department of Foreign Affairs (DFA), the Department of Labor and Employment (DOLE), and the Overseas Workers Welfare Administration (OWWA) will carry out sector-specific mandates.
  

Funding / Appropriations

• Initial funding from the General Appropriations Act (GAA).
• Sustained by annual DOF budget, licensing fees, supervision fees, and foreign exchange accreditation fees.
• Creation of a Citizen Education Fund (10% of regulatory fees earmarked).
• Regulatory and Supervision Fees
  • The bill authorizes the SEC and BSP to collect licensing fees from tokenization platforms, stablecoin issuers, exchanges, and DeFi projects seeking accreditation or sandbox approval. 
  • Accredited entities will also be required to pay annual supervision fees to fund monitoring, auditing, and compliance activities. 
  • Foreign exchanges applying for accreditation in the Philippines must pay processing and compliance review fees to the SEC and BSP.

Penalties / Compliance

• Fraud committed by issuers or exchanges are punishable under the Revised Penal Code and SEC laws.
• Misrepresentation of stablecoin reserves treated as securities violations.
• Platforms must meet disclosure, cybersecurity, and audit requirements.

Significance

• Builds a national framework for crypto adoption and tokenization aligned with global standards.
• Strengthens investor protection and ensures inclusivity for MSMEs and OFWs.
• Encourages innovation while safeguarding stability and trust in the Philippine financial system.
• Positions the Philippines to capture part of Southeast Asia’s projected $1T digital economy by 2030.

BitPinas Article: Philippines House Bill 4792 Proposes National Framework for Crypto, RWA, DeFi, and Crypto Exchanges

HB 4853: Philippine National Budget Blockchain Act 

Full Title: An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to Enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process

Date Filed: September 24, 2025 

Principal Author: Kababaihan Kabalikatan para sa Kapakanan at Kaunlaran ng Bayan (4K) Party-list Rep. Iris Marie Demesa Montes

Bill Status: Pending with the Committee on Appropriations since September 26, 2025 

Objectives

• To enhance transparency and accountability in government budgeting.
• To ensure that all allocations, disbursements, and expenditures are traceable, immutable, and publicly accessible.
• To promote citizen engagement and restore public trust in government financial processes.
• To provide tools for monitoring sectoral equity and Gender and Development (GAD) compliance.

Key Provisions

• Establishment of a blockchain-based national budget system where all budget records are stored as Digital Public Assets (DPAs).
• Mandatory use of smart contracts to automate fund releases upon verified milestones.
• Public-facing portal providing real-time access to budget flows down to agencies, projects, and beneficiaries.
• System features:
  • Immutability
  • Decentralization
  • Traceability
  • Interoperability
  • Cybersecurity safeguards
• Integration of a GAD Tracker to monitor utilization and outcomes of GAD appropriations.

Implementing Agencies

• The DICT will serve as the lead implementing agency, responsible for the design, deployment, and maintenance of the blockchain-based budget system. 
• The DBM will ensure the integration of the budget process into the system and provide timely and accurate data. 
• The COA will align its audit processes with blockchain standards to strengthen accountability.
• All government agencies, GOCCs, and commissions will be required to integrate their financial systems into the blockchain platform.

Funding / Appropriations

• Initial appropriation of ₱500 million from the National Treasury for research, development, infrastructure, and capacity building.
• Continued funding to be included in the annual General Appropriations Act.

Penalties / Compliance

• While no explicit penalties are detailed, compliance is mandated through required integration of financial systems into the blockchain-based budget platform, subject to procurement laws and audit standards.

Significance

• Introduces blockchain as a modern tool for budget transparency, reducing corruption and misuse of public funds.
• Empowers citizens with real-time access to government spending information.
• Strengthens collaboration among government branches, civil society, and oversight institutions.
• Promotes gender equity and accountability by tracking GAD budget performance.

BitPinas Article: 4K Party-List Representative Files Blockchain Bill, the 8th in 20th PH Congress

HB4935: Philippine National Budget Blockchain Act

Full Title: An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to Enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process

Date Filed: September 29, 2025 

Principal Author: Bulacan 5th District Rep. Agatha Paula Aguilar Cruz

Bill Status: Pending with the Committee on Appropriations since October 1, 2025 

Objectives

• To promote transparency, accountability, and good governance in the management and disbursement of public funds.
• To ensure that all budget allocations, disbursements, and expenditures are immutably recorded and accessible in real time.
• To empower citizens and oversight bodies to track public spending through a blockchain-based system.
• To build public trust in government by making every peso traceable from appropriation to utilization.

Key Provisions

• Establishment of a National Budget Blockchain System (NBBS) recording all budget transactions as Digital Public Assets (DPAs).
• Use of smart contracts to automate fund releases upon fulfillment of verified milestones.
• Public-facing portal for real-time access to budget flows, with accessibility and multilingual support.
• Key features:
  • Immutability
  • Decentralization
  • Traceability
  • Security and resilience
  • Interoperability
• Pilot implementation within one year in mjor agencies (DPWH, DOH, DSWD, DepEd, DBM, COA), with expansion to all national agencies within three years and LGUs within five years.
• Strict compliance with the Dat
• a Privacy Act and integration of cybersecurity safeguards.

Implementing Agencies

• The DICT Lead implementing agency, overseeing system design, deployment, and maintenance.
• DBM will ensure integration of th
• e national budget process and timely data provision.
• COA will be encouraged to align audit processes with blockchain-based record keeping.
• All national agencies, GOCCs, commissions, and eventually LGUs, are required to integrate financial systems into the blockchain platform.
• The DICT, DBM, and COA will be responsible for accrediting validator nodes and setting liability standards.

Funding / Appropriations

• An initial of ₱500 million from the National Treasury for research, development, infrastructure, and capacity building.
• Continued funding to be included in the annual General Appropriations Act.

Penalties / Compliance

• Validators who compromise the system may face penalties or administrative liability.
• Agencies are required to integrate financial systems and comply with interoperability, privacy, and cybersecurity standards.
  

Significance

• Positions blockchain as a landmark governance reform tool to make the national budget tamper-proof and fully auditable.
• Strengthens democratic accountability by enabling citizens to “follow the money” in real time.
• Builds on existing DBM blockchain initiatives and scales them nationwide.
• Aims to reduce corruption, inefficiencies, and misuse of public funds by ensuring transparency at every stage of the budget cycle.

BitPinas Article: Bulacan Rep. Agatha Cruz Files 10th Blockchain Bill for National Budget Transparency 

HB5041: Blockchain the Budget Act of 2025

Full Title: An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to Enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process, and for Other Purposes

Date Filed: October 1, 2025 

Principal Author: Lanao del Sur 1st District Rep. Ziaur-Rahman “Zia” Alonto Adiong

Bill Status: Pending with the Committee on Appropriations since October 6, 2025 

Objectives

• To institutionalize a blockchain-based national budget system to ensure transparency and accountability in government spending.
• To enable real-time public access to budget allocations and disbursements.
• To strengthen citizen oversight and reduce corruption by creating an immutable record of financial transactions.
• To promote digital governance and public trust in the national budgeting process.

Key Provisions

• Creation of a National Budget Blockchain System (NBBS) to record all stages of the budget process as verifiable digital entries.
• All budget releases and disbursements will be encoded as Digital Public Assets to ensure traceability and integrity.
• Use of smart contracts to automate fund releases once predefined project milestones are met.
• Public portal to provide real-time, searchable access to national and local government spending.
• Compliance with data privacy and cybersecurity standards to safeguard sensitive government and citizen information.
• Phased implementation beginning with key agencies before nationwide rollout.

Implementing Agencies

• The DICT will lead the implementing agency for system design, development, and maintenance.
• DBM will integrate existing budget systems and ensure data accuracy and consistency.
• The COA will adapt auditing processes to blockchain technology.
• All national agencies and LGUs will be required to integrate their financial management systems into the NBBS.

Funding / Appropriations

• Initial funding to be sourced from the General Appropriations Act (GAA) for system development and pilot implementation.
• Subsequent funding to be included in annual budget allocations.

Penalties / Compliance

• Mandatory participation for all government offices and agencies; non-compliance may result in administrative sanctions.
• Validators or system administrators proven to compromise system integrity may face civil or criminal liability under relevant laws.

Significance

• Introduces blockchain as a core tool for good governance and fiscal transparency.
• Empowers citizens and oversight institutions to monitor how public funds are used.
• Reduces opportunities for corruption and inefficiency in the national budget cycle.
• Strengthens institutional accountability and digital transformation in public financial management.

BitPinas Article: Lanao Del Sur Representative Files 11th Blockchain-Related Bill in 20th Congress

SB 433: Digital Assets Act

Full Title: An Act Recognizing Digital Assets, Requiring the Registration of Digital Asset Enterprises, Their Operators, and for Other Purposes

Date Filed: July 10, 2025 

Principal Author: Senator Imee R. Marcos

Bill Status: Pending with the Committee on Banks, Financial Institutions and Currencies since August 13, 2025 

Objectives

• To recognize digital assets, including e-money and virtual assets, as part of the financial ecosystem.
• To establish clear licensing and regulatory processes for digital asset enterprises.
• To enhance financial inclusion by expanding access to digital financial services.
• To ensure consumer protection and safeguard the financial system from risks such as fraud, money laundering, and illicit activities.

Key Provisions

• Defines digital assets as e-money (fiat-backed) and virtual assets (currencies and tokens).
• Classifies businesses handling digital assets as virtual asset exchanges, brokers, and dealers.
• Designates BSP as the lead agency for e-money issuers and SEC as the lead agency for virtual assets.
• Requires all issuers, exchanges, brokers, and dealers to secure licenses before operating.
• Mandates disclosure of financial and operational information to protect investors.
• Virtual asset businesses and token portal providers are recognized as financial institutions under the AMLA.

Implementing Agencies

• The BSP will regulate and license e-money issuers.
• The SEC will regulate virtual asset issuance, offerings, and businesses.
• The Commission and the central bank will jointly issue implementing rules and regulations within 60 days of the law’s effectiveness.

Funding / Appropriations

• Funding will come from application, licensing, and supervision fees imposed by the BSP and SEC on regulated entities.

Penalties / Compliance

• Failure to comply with licensing requirements may result in imprisonment of up to two years or fines up to ₱500,000, with additional daily fines.
• False statements in offering documents may lead to imprisonment of up to five years and fines not less than ₱500,000.
• Non-compliance by virtual asset businesses may result in fines of up to ₱300,000, with daily penalties of up to ₱10,000.
• The SEC may suspend or revoke licenses for violations or unsafe practices.

Significance

• Provides a comprehensive legal framework for recognizing and regulating digital assets in the Philippines.
• Encourages innovation while establishing guardrails to protect investors and consumers.
• Supports the use of digital assets for remittances, e-commerce, and financial inclusion.
• Aligns Philippine regulation with global standards (FATF) to address risks of money laundering and fraud.

SBN 1330: Blockchain the Budget Bill

Full Title: An Act Mandating the Establishment and Implementation of a National Budget Blockchain System to Enhance Transparency, Accountability, and Public Participation in the Philippine Budget Process

Date Filed: September 2, 2025 

Principal Author: Senator Paolo Benigno “Bam” Aquino IV

Bill Status: Pending in the Committee since September 17, 2025

Objectives

• To promote transparency, accountability, and good governance in public fund management.
• To leverage blockchain technology to provide an immutable, tamper-evident, and transparent record of all government financial transactions.
• To ensure allocations, disbursements, procurements, and expenditures are publicly accessible in real time to enhance trust and participation.

Key Provisions

• The DICT, DBM, and COA shall establish a blockchain-based system where all records of the national budget are recorded as Digital Public Assets (DPAs).
• Through smart contracts, fund releases are automated upon fulfillment of verifiable milestones.
• Real-time public access to budget allocations, disbursements, and expenditures.
• All government financial management systems must comply with blockchain interoperability standards.
• System Features:
  • Immutability: Permanent, tamper-proof records
  • Decentralization: Validation across independent institutions
  • Traceability: End-to-end tracking of funds
  • Security and Resilience: Strong cryptographic safeguards
  • Interoperability: Compatibility with existing and future government systems

Implementing Agencies

• The DICT will serve as the lead implementing agency, responsible for the design, deployment, and maintenance of the system in partnership with private sector and academic institutions. 
• The DBM will ensure the integration of the budget process and the timely provision of accurate data. 
• The COA will incorporate blockchain technology into its audit processes, while all government agencies and government-owned and controlled corporations (GOCCs) are mandated to integrate their financial management systems into the blockchain platform.

Funding / Appropriations

• ₱500 million appropriated from the National Treasury for initial implementation (research, infrastructure, integration, and capacity building). 
• Continuing funding to be included in the annual General Appropriations Act.

Penalties / Compliance

• No explicit penalties stated. Compliance is mandated by requiring all government agencies and GOCCs to integrate financial systems with the blockchain platform.

Significance

• Enhances transparency and accountability in public fund management.
• Empowers citizens and oversight bodies with real-time access to budget information.
• Strengthens audit processes through immutable, verifiable data.
• Positions the Philippines as a global innovator in public finance governance using blockchain technology.

BitPinas Article: Bam Aquino Pushes Blockchain For Government Records

Bitcoin Bills

HB 421: Strategic Bitcoin Reserve Act

Full Title: An Act Creating the Strategic Bitcoin Reserve and Appropriating Funds Therefor

Date Filed: June 30, 2025

Principal Author: Camarines Sur 5th District Representative Miguel Luis Villafuerte

Bill Status: Pending with the Committee on Banks and Financial Intermediaries since July 29, 2025

Objectives

• To  create a Strategic Bitcoin Reserve for the Philippines.
• To function as an asset holding, presumably to diversify the country’s reserves or strategic assets.
• To ensure that the holdings are geographically dispersed to reduce risk. 

Key Provisions

• Establishes a “Strategic Bitcoin Reserve” as an official instrument of government policy. 
• Facilities that store or otherwise manage the reserve must be located in varied geographic locations across the Philippines to mitigate risk.

Implementing Agencies

• The bill points to the Bangko Sentral ng Pilipinas (BSP) to be responsible for purchasing, holding, safeguarding, and managing the Bitcoin Reserve. The Congress is noted to be in charge of legislative oversight, setting the framework, receiving reports, approving extensions or releases.

Funding / Appropriations

• The bill does not specify a fixed budget appropriation in fiat currency in the sources, but the BSP will need to allocate resources for acquiring Bitcoin each year (2,000 BTC/year for five years) and for secure storage, auditing, reporting.

Penalties / Compliance

• The bill constrains what the BSP may not do — e.g. no sales, swaps, disposal during the lock-up except under specified conditions; after lock-up, limited percentages. Violation of these constraints would likely be non-compliant with the law.

Significance

• If passed, the Philippines would become one of the earliest (and possibly first in Southeast Asia) countries to formally institute a sovereign Bitcoin reserve by law. 
• Could enhance the country’s financial resilience, especially against inflation, currency devaluation, or global financial instability.
• May influence future policy discourse in the Philippines (and regionally) on digital assets and how they can be integrated into national finance.

BitPinas Article: Bitcoin Strategic Reserve Bill Filed in Philippine Congress

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