ANC Report: BSP Still Pursuing CBDC Project
“The BSP is currently pursuing what we call the Project CBDCPH,” Ganapin added.
“The BSP is currently pursuing what we call the Project CBDCPH,” Ganapin added.
Coins that are currently in circulation should be accepted as payment or change in cash transactions.
BSP data revealed that personal remittances from OFWs increased by about ₱8 billion in the same last year.
The BSP said that it appreciates the offer of the banking industry in supporting the government’s economic and digitalization efforts.
FDI is made by a resident entity in one economy (direct investor) with the objective of establishing or obtaining a lasting interest in an enterprise resident in an economy other than that of the investor.
The BSP advises the companies in the industry to purchase dollar requirements from legit sources only.
The BSP has submitted its legislative agenda for the 19th Congress to further strengthen the banking sector and payment systems.
In an exclusive response to BitPinas, the Central Bank confirmed that it has granted UnionBank a limited crypto exchange (VASP) license.
Finance Secretary Diokno stressed the country should improve PESONet and InstaPay first before doing CBDCs.
The think tank group is also requesting the BSP if they can review those who hold a VASP license that failed to operate in a given time.