Philippines’ CBDC Target Launch Date Set | Weekly News Recap
In today’s weekly news recap – PH CBDC Update, plus all the events BitPinas covered last week.
BSP Alerts Public: Gov. Remolona Does Not Endorse ‘Tesler Code’ Crypto Scheme
Fraudsters are using AI to create fake endorsements and content, spreading false information about organizations, officials, and individuals, including the BSP.
BSP Wants Quick Refunds for Failed InstaPay, PESONet Transfers | Key Points | June 12, 2024
Today’s news recap: The Bangko Sentral ng Pilipinas (BSP) has introduced new rules to help customers resolve issues with electronic fund transfers (EFTs).
BSP Cancels FOREIGNEX INC. Registration
The BSP has been cancelling more license registrations as of late, with the previous being another foreign exchange last week and a crypto exchange last March.
BSP Revokes Nikko FX’s License Amid Regulatory Crackdown
The Central Bank’s move highlights its authority to halt illegal activities and protect Filipinos from financial fraud.
BSP Monetary Board Cancels Atomtrans Crypto Exchange (VASP) License
This is not an isolated cancellation incident in the BSP’s oversight activities.
BSP: CBDC Pilot Completion by the End of 2024
BSP plans to issue wholesale CBDCs to commercial banks and financial institutions for various purposes such as settling interbank payments
PH Eyes 2026 Launch of Non-Blockchain CBDC To Rival Crypto – BSP
In September last year, the central bank said it chose Hyperledger Fabric as the technology backbone for its Project Agila, the pilot wholesale CBDC initiative.
DOF Chief Recto Vows No New Taxes But Better Tax Collection
Learn about Secretary Ralph Recto’s top priorities at the Department of Finance.
Clarifying BSP’s Crypto Travel Rule Guidelines | Webcast 36
This is the recap of the 36th episode of the BitPinas Webcast with Atty. Jennifer Densen, who serves as legal counsel for Bitshares Labs and is the founder of Densen Law; Atty. Robert De Guzman of Coins.ph; and Atty. Michelle Regala Niebres from PDAX.