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How to Prevent a Flood Disaster: Using Law and Policy to Systematically Reduce Risk

How to Prevent a Flood Disaster: Using Law and Policy to Systematically Reduce Risk
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BSP, PDAX collaborate on crypto, fintech sandbox

Published March 13, 2021, 11:41 AM
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Digital Asset Exchange (PDAX) are supporting the creation of a crypto-and-fintech sandbox that intends to spur innovation and technological advancement in this space. The move is also in response to the growing public interest in alternative investment platforms such as cryptocurrency, notably due to the clear shift from traditional to digital financial services.
During the recent virtual forum “The Philippine Financial Sector: Policy Perspectives and Trends,” which was held by the European Chamber of Commerce in the Philippines (ECCP) and the Fintech Philippines Association (FPA), Nichel Gaba, Founder and CEO of PDAX, one of the country’s largest and pioneering cryptocurrency exchanges, explained the importance of building what he called a regulatory sandbox for the digital asset space: “In a regulatory framework, a startup or an entity can test an idea rolling out a produc ....

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PDAX, BSP back creation of crypto-fintech regulatory 'sandbox'

Cryptocurrency exchange operator Philippine Digital Asset Exchange (PDAX) and the Bangko Sentral ng Pilipinas are supporting the creation of a crypto-and-fintech regulatory "sandbox."  ....

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Biden administration will be focused on domestic US issues in post-COVID world: Shyam Saran

New regime will have to stress on bringing societal reconciliation
The incoming U.S. administration of President-elect Joe Biden will most likely focus on pressing domestic issues, said veteran diplomat and former Foreign Secretary Shyam Saran.
Addressing an online interaction, Mr. Saran said the next U.S. president will have to deal with racial division in American society and the next administration will have to stress on bringing societal reconciliation to some extent.
It is difficult to see [in] which direction President Biden will take the United States. It is clear that his intent is liberal. Whether in human rights or promotion of democracy there is no doubt that this is a President-elect who wants to restore the liberal tradition in the U.S. But it will depend on to what extent he can reconcile the split society of the United States,” said Mr. Saran, addressing a webinar organised by the Policy Perspectives Foundation. ....

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