Former Ripple Exec Hails Trumpโs Digital Assets Move as โIncredibly Significantโ
Everything else from issuance to orchestration will be competed away, he said.
Everything else from issuance to orchestration will be competed away, he said.
The order prohibits any federal agency from developing or promoting CBDCs.
Speculation persists on whether the strategic stockpile would focus solely on bitcoin, as previous rumors suggested, or include U.S.-founded tokens like SOL, XRP, and USDC in an “America-first” reserve.
The BSP has released some findings on the completion of its CBDC project.
Chinaโs digital yuan (e-CNY) leads global efforts, with transaction volumes reaching $986 billion by June 2024.
In today’s weekly news recap – PH CBDC Update, plus all the events BitPinas covered last week.
BSP plans to issue wholesale CBDCs to commercial banks and financial institutions for various purposes such as settling interbank payments
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.
The following highlights the biggest crypto news developments in the Philippines that BitPinas thinks will continue to have an impact on the local industry for years to come.
Mastercard, Reserve Bank of Australia (RBA), and Digital Finance Cooperative Research Centre (DFCRC) have wrapped up a successful CBDC pilot.