No urgency in issuing digital currency, says BSP
The Bangko Sentral ng Pilipinas sees no urgency in the issuance of its own digital currency as the country’s digital payment channels remain robust, safe and convenient.
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The Bangko Sentral ng Pilipinas sees no urgency in the issuance of its own digital currency as the country’s digital payment channels remain robust, safe and convenient.
The Bangko Sentral ng Pilipinas (BSP) has taken the next steps of initiating a pilot central bank digital currency (CBDC) in the near term after two years of study, research and pre-testing. BSP Governor Benjamin E. Diokno, during a recent BSP-Alliance for Financial Inclusion (AFI) Virtual Knowledg
THE Bangko Sentral ng Pilipinas (BSP) aims to pilot Central Bank Digital Currencies (CBDC), whose “time has come” according to the Central Bank governor. BSP Governor Benjamin E. Diokno said in a statement on Wednesday, “Project CBDCPh” will help build capacity and knowledge about CBDC. The Associated Press earlier explained…