• Home
  • Login
  • Register
The Central Bank Digital Currency Insider
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
SUBSCRIBE
No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
No Result
View All Result
The Central Bank Digital Currency Insider
No Result
View All Result

BSP Looks Deeper Into CBDC Viability

by CBDC Insider
May 9, 2021
in Asia, Business
Reading Time: 1min read
0
BSP Looks Deeper Into CBDC Viability
Share on FacebookShare on Twitter

The Bangko Sentral ng Pilipinas (BSP) said it is looking deeper into the viability of a central bank digital currency (CBDC) in the Philippines.

During a virtual briefing late last week, BSP Governor Benjamin Diokno said the Bangko Sentral has already documented the developments and initiatives of other central banks on CBDC in a report released last month.

A CBDC is a digital form of central bank money that is denominated in a national unit of account and functions as both a medium of exchange and a store of value.

RELATED STORIES

Ripple Supports the Digital Euro Association’s Major Event To Advance CBDC Work

Ripple Supports the Digital Euro Association’s Major Event To Advance CBDC Work

July 6, 2022
How Might Central Bank Digital Currency Affect Banks?

How Might Central Bank Digital Currency Affect Banks?

July 6, 2022

The recently released BSP study has recommended continuing research, capacity building and the establishment of networks with central banks and institutions that are also researching on the currency.

While the BSP is not keen on issuing its own digital currency anytime soon, Diokno said it continues to monitor developments in private digital currencies and CBDCs in both the domestic and global markets.

“We are currently preparing to undertake a study of its existing payments and settlement system vis-a-vis its digitalization agenda to assess any gaps that may be addressed by a CBDC, and its value proposition against existing payment system,” he stressed.

Read more: https://www.manilatimes.net/2021/05/09/business/sunday-business/bsp-looks-deeper-into-cbdc-viability/871488/

Previous Post

China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning

Next Post

Mastercard CFO Discusses Opportunities For Data Analytics, ID Verification, CBDCs

Next Post
Mastercard CFO Discusses Opportunities For Data Analytics, ID Verification, CBDCs

Mastercard CFO Discusses Opportunities For Data Analytics, ID Verification, CBDCs

© 2022 CBDC Insider

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