Union Bank of the Philippines UBP aka Unionbank one of the largest banks in the country recently installed a bitcoin ATM at one of its main branches with the approval of the central bank and. Sign up with Coinbase and manage your crypto easily and securely. Legal Confusion Reigns As Crypto Related Lawsuits Increase Bitcoin Sec Ico Smartcontracts Blockchain Cryptocurrency Money Laundering Financial Stability The bottom line is that bitcoin represents money that 90 million low-income Filipinos could use in areas and situations where the traditional systems have otherwise failed them. Is bitcoin allowed in philippines . There are many places where one can trade with Bitcoin in the Philippines. Bitcoin has up to 8 decimals eg. Philippines Convert and store cryptocurrency on Coinbase. One of the largest banks in the Philippines Union Bank has collaborated with the countrys central bank to launch a Bitcoin ATM allowing customers to both buy and sell bitcoin for cash. So instead