News list for " central bank of Penn"
The Central Bank of the Philippines (BSP) said recently that it has completed a proof-of-concept trial of its Agila Project Wholesale Central Bank Digital Currency (wCBDC) with other Financial Institution Groups. Specifically, the latest trial tested whether banks in the Philippines can make payments to each other outside banking hours such as evenings, weekends, and holidays. BSP Governor Eli M. Remolona, Jr., said: "Wholesale CBDCs have the potential to enhance liquidity management, reduce set...
According to market news, the Philippine central bank has lifted its ban on establishing digital banks, allowing up to 10 digital banks to operate.
The Central Bank of the Philippines (BSP) has alerted the public to video and audio scams involving artificial intelligence manipulation involving related misinformation such as advertising cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not support the so-called cryptocurrency project "Tesler Code" or any other cryptocurrency investments. Misrepresenting the BSP or its officials is a punishable offense. To avoid falling victim to these scams, the BSP advise...
On July 8th, the stablecoin PHPC officially supported by the Central Bank of the Philippines has now launched Ronin Network, which is supported by the Philippine crypto trading platform Coins.ph. Previously, on April 10th, Tether announced that it will cooperate with the Philippine crypto trading platform Coins.ph to carry out blockchain education programs. In addition, the two sides will join hands to promote financial education in blockchain technology, bitcoin and stablecoins.
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