• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Philippines Central Bank Joins Digital Currency Race

by CBDC Insider Staff
August 12, 2020
in Asia, Business
Reading Time: 1min read
0
Philippines Central Bank Joins Digital Currency Race
Share on FacebookShare on Twitter

RELATED STORIES

Japan to Set Up Panel on Central Bank Digital Currency

Japan to Set Up Panel on Central Bank Digital Currency

March 30, 2023
Russia Delays Digital Ruble Launch Testing Due to Lawmaking Process

Russia Delays Digital Ruble Launch Testing Due to Lawmaking Process

March 30, 2023

Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has created a committee to look at the feasibility and policy implications of issuing its own digital currency, governor Benjamin E. Diokno said on July 29.
“We have to first look into the findings of the group before making any decisions,” Diokno said, quoted by the Manila Bulletin. “I expect the technical working group to submit their report next month,” he added.
Although he doesn’t believe cryptocurrencies will ever replace banknotes or coins, central bank digital currencies (CBDCs), on the other hand, could very well become the next form of fiat money.
“We do not see [cryptocurrencies] significantly affecting the present demand for physical currency,” he said, noting that blockchain technology “continues to elicit interest around revolutionizing the delivery of financial services.”

Continue read: https://fintechnews.sg/42698/fintechphilippines/philippines-central-bank-joins-digital-currency-race/

Previous Post

Central Bank, IFC launches new project on electronic financial services

Next Post

Central Bank of India Q1 results: Net profit rises 21% to Rs 147 crore

Next Post
Central Bank of India Q1 results: Net profit rises 21% to Rs 147 crore

Central Bank of India Q1 results: Net profit rises 21% to Rs 147 crore

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register