Pilot Test of Wholesale Central Bank Digital Currency in PH ‘Til 2024, BSP Reiterates
BSP Dir. Glindro said that since the pilot is for wholesale CBDC, it is only limited to a number of participating financial institutions.
Read moreBSP Dir. Glindro said that since the pilot is for wholesale CBDC, it is only limited to a number of participating financial institutions.
Read moreAccording to BSP Gov. Medalla, Project CBDH aims to allow any Southeast Asian native in the country to make wholesale transactions.
Read more“The BSP is currently pursuing what we call the Project CBDCPH,” Ganapin added.
Read moreThe Fintech Department of the Reserve Bank of India (RBI) has recently released its Concept Note on Central Bank Digital Currency (CBDC).
Read moreBSP Director Plabasan said stablecoins can be a tool for more efficient payment transactions.
Read moreBIS takes the ongoing bear market, as well as the collapse of stablecoin as an affirmation that crypto and DeFi cannot be the foundation of monetary systems.
Read moreWith the market currently down, and your favorite crypto currently experiencing double-digit decreases, there’s no better time to learn about cryptocurrency than today.
Read moreThe BSP explained that wholesale CBDCs may contribute in addressing frictions on large cross-border foreign currency transfers.
Read moreThe initiative is part of its aim to promote the stability of the country’s payment system.
Read moreThe Central Bank already started a study about CBDC’s nature and implications for the whole financial system last year.
Read more