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"Wag Magpaloko Maging Scam Alerto": PH fintech players rally behind campaign vs fraud

As part of its campaign to combat fraudulent activities such as phishing scams, members of FintechAlliance.ph rallied behind the launch of t. ....

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BSP to weigh pros and cons of issuing CBDCs

March 18, 2021 | 12:02 am
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THE BANGKO SENTRAL ng Pilipinas (BSP) is still not keen on issuing its own central bank digital currency (CBDC) but is open to expanding its knowledge on the subject as the use of virtual assets continues to grow.
“Whether we issue CBDC [or not], the bigger issue maybe is whether we should. We’re not going to issue central bank digital currency just because Singapore [and other countries]…are doing it. We will want to issue CBDC because there are specific problems that we want to solve,” BSP Director for Technology Risk and Innovation Supervision Department Melchor T. Plabasan said in an online forum organized by the European Chamber of Commerce of the Philippines. ....

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