#CryptoCurrency / Philippines Central Bank Eyes Issuing Cryptocurrency

The Philippines central bank is now considering creating its own central bank digital currency (CDBC)… The bank, called Bangko Sentral ng Pilipinas or BSP, will look at the feasibility and potential implications of implementing a digital coin.

[Governor of the bank:] “Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it.”

Several other countries are considering CDBCs, including the U.K., Sweden and Thailand…