In a virtual conference today, the Governor of Philippines’ central bank, Benjamin E. Diokno, stated that the Bank has a working group exploring a central bank digital currency (CBDC).
“We just recently formed a technical working group to study the feasibility and policy implications of issuing a central bank digital currency or CBDC,” said Diokno. “We have to first look into the findings of the group before making any decision in this regard. I expect the EWG to submit their report next month.”
He was responding to a question about both CBDC and cryptocurrencies.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
