Philippine Bill Proposes Central Bank Could Buy 10,000 Bitcoin and Lock Holdings for 20 Years
The post Philippine Bill Proposes Central Bank Could Buy 10,000 Bitcoin and Lock Holdings for 20 Years appeared on BitcoinEthereumNews.com. The Strategic Bitcoin Reserve proposal would require the Philippine central bank to purchase 10,000 BTC over five years (2,000 BTC annually) and lock those holdings for 20 years, creating a sovereign Bitcoin reserve managed under trust, annual reporting, and strict sale limits to repay debt only after the lockup period. Central bank to buy 10,000 BTC over five years (2,000 BTC/year). Holdings locked for 20 years; sales permitted only to pay government debt after the lockup. Bill introduced as House Bill 421 by Congressman Miguel Luis Villafuerte; governance, audit, and reporting provisions included. Strategic Bitcoin Reserve: Philippines bill would direct the central bank to buy 10,000 BTC (2,000/year) and lock holdings for 20 years—read implications, governance, and risks. What is the Strategic Bitcoin Reserve proposal? The Strategic Bitcoin Reserve is a bill introduced in the Philippine House (House Bill 421) that would instruct the central bank to accumulate 10,000 BTC within five years and place those holdings under a 20-year statutory lockup. The measure sets trust, reporting, and limited-sale conditions to treat Bitcoin as a long-term strategic asset. How would the Philippine central bank acquire and manage the Bitcoin reserve? The bill mandates annual purchases of 2,000 BTC until the 10,000 BTC target is reached. Management duties include custody under strict trust arrangements, annual public reporting, and sales allowed only to retire government debt after 20 years. Governance provisions emphasize transparency, auditability, and independent oversight. ‘, ‘
The post Philippine Bill Proposes Central Bank Could Buy 10,000 Bitcoin and Lock Holdings for 20 Years appeared on BitcoinEthereumNews.com.
The Strategic Bitcoin Reserve proposal would require the Philippine central bank to purchase 10,000 BTC over five years (2,000 BTC annually) and lock those holdings for 20 years, creating a sovereign Bitcoin reserve managed under trust, annual reporting, and strict sale limits to repay debt only after the lockup period. Central bank to buy 10,000 BTC over five years (2,000 BTC/year). Holdings locked for 20 years; sales permitted only to pay government debt after the lockup. Bill introduced as House Bill 421 by Congressman Miguel Luis Villafuerte; governance, audit, and reporting provisions included. Strategic Bitcoin Reserve: Philippines bill would direct the central bank to buy 10,000 BTC (2,000/year) and lock holdings for 20 years—read implications, governance, and risks. What is the Strategic Bitcoin Reserve proposal? The Strategic Bitcoin Reserve is a bill introduced in the Philippine House (House Bill 421) that would instruct the central bank to accumulate 10,000 BTC within five years and place those holdings under a 20-year statutory lockup. The measure sets trust, reporting, and limited-sale conditions to treat Bitcoin as a long-term strategic asset. How would the Philippine central bank acquire and manage the Bitcoin reserve? The bill mandates annual purchases of 2,000 BTC until the 10,000 BTC target is reached. Management duties include custody under strict trust arrangements, annual public reporting, and sales allowed only to retire government debt after 20 years. Governance provisions emphasize transparency, auditability, and independent oversight. ‘, ‘
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