Bangko Sentral ng Pilipinas is exploring the potential of a wholesale CBDC utilizing Distributed Ledger Technology for national payments.
1 report, 1 independent
Updated Jul 1
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What happened
Bangko Sentral ng Pilipinas is exploring the potential of a wholesale CBDC utilizing Distributed Ledger Technology for national payments.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The central bank of the Philippines operates within the country's digital infrastructure and manages financial services expansion.Also in this story
- The central bank of the Philippines found illegal businesses operating on payment platforms.
- A partnership involving DragonFi, EastWest, and Luna Securities was formed to expand PERA digital access, supported by the central bank.
- The Bangko Sentral ng Pilipinas issued a digital banking license to MariBank, with SEC approval, expanding digital services in the Philippines.
- The central bank of the Philippines oversees the fixed-income market, noting that IRS market activity has reached P114 billion, and the IRS curve will replace the BVAL curve.
The entities involved
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Bangko Sentral ng Pilipinas
central bank of the Philippines
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Philippines
archipelagic country in Southeast Asia