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Philippines , Thursday 16 April 2026

Cryptocurrency unlikely to become legal tender in Philippines

Published on: Sunday 13 February 2022

Cryptocurrency unlikely to become legal tender in Philippines MANILA, Philippines — The Philippines is not expected to accord a legal tender status on cryptocurrencies even if the country may support policies on its use moving forward. In its latest analysis, UK-based The Economist Intelligence Unit (EIU) said the Philippines displays the most benign attitude toward cryptocurrency. But it said the government is expected to eventually curb crypto deals over the next five years as more awareness of its risks...


News source: https://www.msn.com/en-ph/finance/markets/cryptocurrency-unlikely-to-become-legal-tender-in-philippines/ar-AATNODa

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