Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken Sept. 24, 2021. — REUTERS
The project covers areas including policy and regulatory considerations, technological infrastructure, governance and organizational requirements, legal matters, payment and settlement models, reconciliation procedures, and risk management. The BSP chose to focus on the wholesale aspect of CBDCs as it is mainly restricted to banks and other“We are currently talking to other central banks in Asia to make cross-border payments more affordable and efficient,” Monetary Board Member Eli M. Remolona, Jr. said in Filipino.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore expects full tourism recovery by 2024SINGAPORE - Singapore&039;s international arrivals beat forecasts in 2022, paving the way for its tourism sector to recover to pre-pandemic levels by 2024, its tourism authority said on
Source: inquirerdotnet - 🏆 3. / 86 Read more »
DBM issues budget call for 2024The Department of Budget and Management (DBM) has called on government departments and agencies to prepare for their budget proposals for Fiscal Year 2024.
Source: gmanews - 🏆 11. / 68 Read more »
First hotel in Panglao Shores expected to open by Q1 2024 - BusinessWorld OnlinePANGLAO, BOHOL — The first hotel in Panglao Shores is expected to open its doors by the first quarter of 2024.
Source: bworldph - 🏆 9. / 68 Read more »
Singapore expects full tourism recovery by 2024Singapore’s international arrivals beat forecasts in 2022, paving the way for its tourism sector to recover to pre-pandemic levels by 2024, its tourism authority said.
Source: interaksyon - 🏆 24. / 51 Read more »
BSP rate may peak at 6.25% in 1st half - BusinessWorld OnlineTHE BANGKO SENTRAL ng Pilipinas (BSP) could raise its benchmark rate by as much as 75 basis points (bps) to bring the policy rate to 6.25% in the first half, Fitch Solutions Country Risk & Industry Research said. “Our central forecast is for the BSP to hike its policy rate by an additional 75 […]
Source: bworldph - 🏆 9. / 68 Read more »
BSP’s 2-in-1 tack: Old notes for digital cash | Cai U. OrdinarioA FRUIT vendors and other wet market sellers in Bohol province were recently able to exchange unfit banknotes and coins with digital cash, according to the Bangko Sentral ng Pilipinas (BSP). BSP Visayas Regional Office (VRO) offered currency exchange services to market vendors on the sidelines of the Paleng-QR Ph…
Source: BusinessMirror - 🏆 19. / 59 Read more »