BSP Advisory: Avoid Sangla-ATM Scheme
Learn about the Bangko Sentral ng Pilipinas’ advisory cautioning ATM cardholders against participating in “sangla-ATM” schemes.
Financial Stability Board Preparing ‘High-Level’ Recommendations on Regulation of Crypto
The international watchdog confirmed that it is now working on recommendations for stablecoins and other crypto asset activities.
BSP Governor Explores Eliminating Minimal Transfer Fees
BSP Gov. Medalla expressed that the current transaction fee worth ₱15 may still be too high for small transactions, particularly for the poor.
Medalla: ‘Worst is Over’ as PHP Rallies Back to 54.8, Strongest Since June 2022
With this good sign, the Monetary Board can finally focus on inflation targeting rather than foreign exchange rate management, Medalla said.
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.
BSP Governor Medalla Reiterates: Crypto is Risky
The BSP Governor reiterates his stance on cryptocurrencies amid decreasing prices because of the collapse of FTX.
Highest Since 2018: PH Inflation Rate Surges to 7.7% in October
The country’s inflation rate rose to 7.7% year-on-year in October from 6.9% in September, the highest since 2018. BSP Governor Medalla revealed.
BSP – Not End of the World if Peso Hits 61 to a Dollar
In a report from Reuters, Medalla said it will not be “the end of the world” if the Philippine Peso hits 61 versus the dollar.
BSP Recognizes Banking Industry Efforts In Supporting Economic Growth, Digitalization
The BSP said that it appreciates the offer of the banking industry in supporting the government’s economic and digitalization efforts.
BSP Gives Banks Go Signal to Test Tech-Based Offers
The central bank’s Monetary Board approved the Regulatory Sandbox, or Test and Learn Framework, that will run for 12 months.