Share this article
BTC
$108,949.64
+
0.61%ETH
$2,552.32
+
0.31%USDT
$0.9992
-
0.08%XRP
$2.3540
+
0.84%BNB
$673.98
+
1.69%SOL
$177.38
+
0.01%USDC
$0.9989
-
0.08%DOGE
$0.2275
-
1.64%ADA
$0.7524
-
1.72%TRX
$0.2706
-
0.21%HYPE
$36.22
+
8.94%SUI
$3.6377
-
1.01%LINK
$15.45
-
2.59%AVAX
$23.03
-
2.86%XLM
$0.2871
-
0.85%SHIB
$0.0₄1448
-
0.79%BCH
$425.36
-
1.95%LEO
$8.8007
+
0.20%HBAR
$0.1906
-
2.18%TON
$3.0305
+
0.06%Philippines Central Bank Governor: No Digital Peso Before 2023
The central bank won’t pursue a CBDC for the duration of Governor Benjamin Diokno's term, which ends in 2023.

The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSG), won't be issuing a central bank digital currency (CBDC) anytime soon, according to a report by CNN Philippines.
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
BSG Governor Benjamin Diokno told reporters during a press briefing on Thursday the bank wouldn’t pursue a CBDC for the duration of his term, which ends in 2023.
- The announcement follows an exploratory study the central bank conducted into the viability of a state-backed digital currency. Diokno said much more work needs to be done before a digital peso can be issued.
- "Most central banks say they will not issue [a] CBDC in the next five years, so not within my term," said Diokno, according to the report.
- CBDCs have received a lot of attention from central banks worldwide recently, and in the case of the Bahamas has actually released one, the sand dollar. The International Monetary Fund recently issued a report noting that while a CBDC may help some countries gain more control over their monetary systems, it would not qualitatively change the economic forces that determine international currency usage.
Главное