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.
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Benjamin Diokno
BSP: PH Digital Transactions Increase Despite the Health Crisis
The BSP previously said that digitalization is a key beneficiary of the pandemic and has urged the country to embrace a new normal society.
Read more Why the BSP Is Pushing For National QR Standards
The BSP said the adoption of the National QR Code Standard is a turning point in the countryās digital transformation journey.
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Market Update: BSP Reiterates Crypto Stance: Itās Volatile (May 26, 2021)
Also, 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 more BSP Sets Up New Physical, Digital Payments Unit, Names New Deputy Governor
BSP 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 more BSP Gov. Diokno Envisions a PH Coinless Society by 2025
The BSP governor sees the country shifting to a coinless society by the middle of the decade.
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BSP Approves āDigital Bankā as New Category of Bank
A draft circular stated that the minimum capital requirement for digital banks is Php 1 billion.
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Philippine Central Bank Not Keen on Launching Own Crypto
The BSP is not keen on launching its own cryptocurrency despite the announcement of Facebook’s launching of the Libra cryptocurrency.
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New Philippine Central Bank Governor Has Previous Plans for Blockchain in His Previous Post
Mr. 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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