Tag "central bank digital currency (CBDC)"

6 Banks Revealed in Project Agila CBDC Pilot Concluding by End-2024

In a recent press briefing, Deputy Governor Mamerto Tangonan disclosed that the Bangko Sentral ng Pilipinas (BSP) is poised to complete the trial phase of Project Agila, a wholesale Central Bank Digital Currency (CBDC) initiative, by the end of 2024.

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BSP CBDC Project: Here’s All We Know About the Wholesale Digital Currency

In the rapidly evolving landscape of global finance, the fairly recent emergence of Central Bank Digital Currency (CBDC) represents a significant shift towards the digitalisation of national currencies. The Bangko Sentral ng Pilipinas (BSP), under the leadership of Governor Eli

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BSP to Finalise Cross-Border Payments Blueprint, CBDC Report This Year

The Bangko Sentral ng Pilipinas (BSP) is currently finalising a blueprint for instant cross-border payments, which promises to be a competitively priced option in the multinational remittance market. BSP Deputy Governor Mamerto E. Tangonan announced that the BSP is working

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3 Ways the Philippines is Navigating the Future of Its Digital Economy

Held at the Shangri-La The Fort in Taguig City, Philippines from 7th to 8th August 2023, the INDX 3 Summit brought together some of the most progressive minds in the country’s fintech sector to discuss developments of its burgeoning digital

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IMF Cautions Against CBDC Risk Posed to Banks in the Philippines

Felipe M Medalla, former Governor of Bangko Sentral ng Pilipinas (BSP), earlier this year stated that the central bank of the Philippines had started a pilot wholesale central bank digital currency (CBDC) project, a major capacity-building exercise for both the

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Philippines Central Bank Joins Digital Currency Race

Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has created a committee to look at the feasibility and policy implications of issuing its own digital currency, governor Benjamin E. Diokno said on July 29. “We have to first look

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