Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday its unlikely for the Central Bank to issue its own digital currency during his term.
The BSP has finished its study on the Central Bank Digital Currency (CBDC), the regulated equivalent of cryptocurrencies such as Bitcoin. Although there won’t be an issuance in the next few years, the BSP will continue to its study, Diokno said.
Cryptocurrencies gained popularity in the last few years along with the blockchain technology or a data-based ledger shared in a network of computers.
