BSP was currently testing three use cases of a future central bank digital currency. BSP — The Bangko Sentral ng Pilipinas was currently testing three (3) use cases of a future central bank digital currency (CBDC). The central bank was currently testing three (3) use cases of a future CBDC — including securities settlement and … Read more
BSP’s new e-payment rules will ensure the stability of the payments system in the Philippines, according to the BSP chief. BANGKO SENTRAL NG PILIPINAS — BSP Governor Benjamin E. Diokno said that the new e-payment guidelines set by the central bank will ensure the stability of the payments system in the country. In an online … Read more
The BSP was eyeing offline digital payment solutions. BSP — The Bangko Sentral ng Pilipinas said on Tuesday that it was eyeing offline digital payment solutions in order to allow transactions without the need for an internet connection. The central bank said in a statement that offline digital payments solutions will boost financial inclusion in … Read more
The BSP will start the testing of polymer PHP 1,000 banknotes in 2022. BSP — The Bangko Sentral ng Pilipinas on Monday said that it will start the testing of polymer PHP 1,000 banknotes in 2022. On Monday, the central bank said that it will start the testing of PHP 1,000 polymer banknotes in 2022, … Read more
The BSP was calling for a strong law against coin hoarding in the Philippines. BSP — The Bangko Sentral ng Pilipinas was calling for a strong law against coin hoarding in the Philippines following law enforcers’ crackdown of some PHP 50-million worth of bagged 1-piso coins in a warehouse in Quezon City. In a statement, … Read more
China to destroy banknotes from sectors with COVID-19 cases, according to a branch of China’s central bank in Guangzhou. China might destroy all banknotes in order to ensure the safety of cash transactions, according to a branch of China’s central bank in Guangzhou. Caixin on Saturday reported that the officials at the branch of the … Read more