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Philippine Blockchain Budget Bill Risks Centralization and Privatization, Lawyers Warn

Philippine Blockchain Budget Bill Risks Centralization and Privatization, Lawyers Warn

Author:

Global Cryptocurrency

Published:

2025-10-16 15:41:01

22

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BTCCSquare news:

Philippine Senate Bill 1330, proposed by Senator Paolo Benigno Aquino IV, aims to implement blockchain-based tracking for government spending with an initial $8.6 million appropriation. The MOVE comes amid public outcry over $9.2 billion in infrastructure projects flagged for irregularities by President Ferdinand Marcos Jr.

Legal experts caution that the bill may centralize control, limit data contestability, and create a false sense of transparency. The proposal has sparked debate as lawmakers align related congressional measures, reflecting growing scrutiny of public funds.

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