BSP Approves Open Finance Framework
BSP Governor Benjamin Diokno explained that the new framework will help monetary entities like the central bank in achieving its goal of letting more Filipino adults in the formal financial system.
Read moreBSP Governor Benjamin Diokno explained that the new framework will help monetary entities like the central bank in achieving its goal of letting more Filipino adults in the formal financial system.
Read moreThe BSP previously said that digitalization is a key beneficiary of the pandemic and has urged the country to embrace a new normal society.
Read moreThe BSP said the adoption of the National QR Code Standard is a turning point in the countryās digital transformation journey.
Read moreAlso, COL Financialās Head of Research April Lee-Tan discusses the risk of trading crypto. Lastly, PDAX has a new campaign while OKEx has a new Independence Day promo.
Read moreBSP is tasking the new unit to address the interplay between digital money and physical currency, as well as support the Philippinesā digital transformation of its financial services.
Read moreThe BSP governor sees the country shifting to a coinless society by the middle of the decade.
Read moreA draft circular stated that the minimum capital requirement for digital banks is Php 1 billion.
Read moreThe BSP is not keen on launching its own cryptocurrency despite the announcement of Facebook’s launching of the Libra cryptocurrency.
Read moreMr. Diokno had a long career at the Department of Budget and Management and served as its secretary before he was appointed to the BSP.
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