Committee to Study Modalities for Possible CBDC Issuance
According to a report by Bloomberg on Wednesday (July 29, 2020), the Bangko Sentral ng Pilipinas (BSP) governor, Benjamin Diokno, revealed that the central bank has set up a committee for a potential CBDC project. The group will consider the possibility and policy implications of issuing its CBDC.
While speaking a virtual briefing the BSP Chief said that the government has a keen interest in blockchain technology. A statement from Diokno reads:
“Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it”