Dec 30, 2014

Philippine Government Bill Could Pave Way for Bitcoin-Backed Money

Posted by in category: bitcoin

— Coindesk


A member of the House of Representatives of the Philippines has introduced a bill that would seek to create a government-backed “e-peso” that would serve as an official medium of exchange for domestic online payments.

Introduced as part of the E-Peso Act of 2014, the payments tool would be considered legal tender for debt, taxes and goods and services, according to a report by The Philippine Star.

Read more

Comments are closed.