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Bitcoin Daily: Philippines Central Bank Eyes Issuing Cryptocurrency; Security Firm Ledger Details Data Breach; TradeStation To Launch Crypto Lending Service

by CBDC Insider Staff
July 30, 2020
in Asia, Business
Reading Time: 1min read
0
Bitcoin Daily: Philippines Central Bank Eyes Issuing Cryptocurrency; Security Firm Ledger Details Data Breach; TradeStation To Launch Crypto Lending Service
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The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported.
The bank, called Bangko Sentral ng Pilipinas or BSP, will look at the feasibility and potential implications of implementing a digital coin.
Benjamin Diokno, governor of the bank, said he doesn’t personally think the digital coins pose a threat to other types of currency. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

Continue read: https://www.pymnts.com/blockchain/bitcoin/2020/bitcoin-daily-philippines-central-bank-eyes-issuing-cryptocurrency-security-firm-ledger-details-data-breach-tradestation-launch-crypto-lending-service/

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