Sunday Summary: Unchartered Territory
Check out the news that mattered in the cryptocurrency and blockchain space in the Philippines and globally. (Dec. 14 – 20, 2020)
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CBDC
House Consolidates Central Bank Digital Currency, E-Payment Bills
Rep. Cua said that currently, what the Philippines have is a patchwork of digital payment platforms and electronic money systems operated by private entities like banks.
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Report from MIT Bitcoin Expo: Blockchain for Central Bank Digital Currencies is Not Yet a Good Idea
At the recent MIT Bitcoin Expo, three experts agreed that central banks around the world have not yet figured out whether they issue digital currencies via distributed ledger technologies (DLT) like blockchain or still the traditional centralized system.
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