The Philippines is planning to introduce a wholesale Central Bank Digital Currency (CBDC) within the next two years, as confirmed by the Governor of Bangko Sentral ng Pilipinas (BSP), Eli Remolona. The country has decided against the use of blockchain technology for this initiative and has ruled out a retail version of the CBDC. In parallel, the Philippines is also aiming to raise $7.2 billion through treasury bonds targeted at retail investors this month, in anticipation of its next global bond offer.
The Philippines is looking to raise $7.2 billion of treasury bonds being marketed to retail investors this month while watching the market for its next global bond offer https://t.co/IzkQam5bTP
The Philippines is looking to raise $7.2 billion of treasury bonds being marketed to retail investors this month while watching the market for its next global bond offer https://t.co/BWUJ4a2w4J
The Philippines' @BangkoSentral may issue a wholesale CBDC in two years and has ruled out using blockchain technology. https://t.co/U6Eg00BXMN
📣 Latest News: Philippines Wholesale CBDC Coming in 2 Years, Retail Version Ruled Out #news #cryptonews #crypto
The Philippines is advancing towards the introduction of a non-blockchain CBDC within the upcoming two years, according to the Governor of Bangko Sentral ng Pilipinas (BSP), Eli Remolona https://t.co/VmuxsaGeCY
The Philippines' @BangkoSentral may issue a wholesale CBDC in two years and has ruled out using blockchain technology. @camomileshumba reports https://t.co/gwgrrtNrqQ