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Dec 30, 2014

Philippine Government Bill Could Pave Way for Bitcoin-Backed Money

Posted by in category: bitcoin

— Coindesk

http://media.coindesk.com/2014/10/Screen-Shot-2014-10-09-at-4.37.22-PM.png

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.

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