A Philippine lawmaker recently introduced a bill that aims to set up a government-run Bitcoin reserve to help cut the country's towering national debt. The “Strategic Bitcoin Reserve Act” filed by Representative Miguel Luis R. Villafuerte would mandate the Bangko Sentral ng Pilipinas (BSP) to buy 2,000 BTC each year for five years, totalling 10,000 BTC. The holdings would be locked for 20 years and could only be sold or swapped to pay down national debt.