Philippine Government Bill Could Pave Way for Bitcoin-Backed Money

By October 10, 2014Bitcoin Business

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 .

Most notable for the bitcoin industry is that the […]

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