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July 28, 2020      Prashant Jha

Philippines Central Bank Considers Issuing Its Own Digital Currency

 

China’s aggressive push for its national digital currency has made many other countries to reorganize its CBDC development plans, given China has already.

The Philippine central bank has created a committee to look at the feasibility and policy implications of issuing its own digital currency, Governor Benjamin Diokno said on Wednesday.

“We have to first look at the findings of the group before making a decision,” Diokno said in a virtual briefing. The initial results of the study are expected next month.”

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Prashant Jha
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.