BSP Delays Central Bank Digital Currency Issuance For Now
A key benefit of a CBDC, Gov. Diokno said, is the reduction in the need to print physical cash, which could then lead to cost savings for the central bank.
A key benefit of a CBDC, Gov. Diokno said, is the reduction in the need to print physical cash, which could then lead to cost savings for the central bank.
The Central Bank said they want to ensure “financial service providers” are conducting “ethical business practices” and do not engage in activities that will harm their customers.