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Author Topic: Philippine Central Bank Considers a Centralised Cryptocurrency  (Read 338 times)

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Offline mlawson71Topic starter

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 After Japan, China and the UK, it appears, the Philippines will be the next country to seek to introduce a digital currency.
A special committee has been formed by the Bangko Sentral ng Pilipinas (BSP) to assess the feasibility of such a move as well as the possible consequences.
The governor of the country’s central bank, Benjamin Diokno, has stated, however, that there is no concrete decision and that the committee must reach a conclusion first.
The governor also pointed out that the blockchain technology itself is more valuable than the digital currency it supports.
Source

The idea of a state digital currency seems to be spreading across the world, let’s see which will be the next country to implement it.


 

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