Crypto and Web3 News from the Philippines
According to BSP Gov. Medalla, Project CBDH aims to allow any Southeast Asian native in the country to make wholesale transactions.
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DOF Chief Benjamin Diokno emphasized that the blockchain is undoubtedly superior technology.
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Finance Secretary Diokno stressed the country should improve PESONet and InstaPay first before doing CBDCs.
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Will the story end when Binance gets a license? Or will the regulator agree to the points brought up by Infrawatch?
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The former Bangko Sentral ng Pilipinas (BSP) Governor insisted that digital transactions should be taxed on the basis of fairness.
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According to Diokno, his main focus as the head of DOF is to attain an A-level credit rating
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Diokno says he’s confident Medalla will continue the game-changing reforms he enact under his leadership of the central bank.
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The BSP wants to better track and monitor blockchain and crypto companies according to Asian Development Bank.
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Diokno noted that the DOF must focus mainly on the government’s tax administration during the first year of President-elect Ferdinand R. Marcos Jr.
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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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