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.
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CBDC
For Wholesale Transactions Only: BSP Confirms Continuation of Pilot Test of Country’s Own Central Bank Digital Currency
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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ANC Report: BSP Still Pursuing CBDC Project
“The BSP is currently pursuing what we call the Project CBDCPH,” Ganapin added.
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E-Rupee Coming: India to Pilot Own CBDC
The Fintech Department of the Reserve Bank of India (RBI) has recently released its Concept Note on Central Bank Digital Currency (CBDC).
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BSP Director: Stablecoins Can Make Payments More Efficient
BSP Director Plabasan said stablecoins can be a tool for more efficient payment transactions.
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BIS: CBDCs Will Be the Future of Monetary Systems, Are Better than Crypto
BIS 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.
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Newsletter: BSP CBDC, PayMaya, Crypto Swindlers, BreederDAO | May 11, 2022
With the market currently down, and your favorite crypto currently experiencing double-digit decreases, there’s no better time to learn about cryptocurrency than today.
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BSP CBDC Digital Currency Initiative Scheduled for Q4 2022
The BSP explained that wholesale CBDCs may contribute in addressing frictions on large cross-border foreign currency transfers.
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BSP To Pilot CBDC for Wholesale Transactions
The initiative is part of its aim to promote the stability of the country’s payment system.
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BSP To Pilot Central Bank Digital Currency Project
The Central Bank already started a study about CBDC’s nature and implications for the whole financial system last year.
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