{"id":26613,"date":"2020-07-29T14:47:58","date_gmt":"2020-07-29T11:47:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26613"},"modified":"2025-08-26T15:25:03","modified_gmt":"2025-08-26T12:25:03","slug":"philippine-central-bank-begins-study-into-issuing-its-own-digital-currency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/philippine-central-bank-begins-study-into-issuing-its-own-digital-currency\/","title":{"rendered":"Philippine central bank begins study into issuing its own digital currency"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Philippine central bank has formed a working group to study the need for, and potential consequences of, issuing its own digital currency (CBDC). <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-07-29\/philippines-central-bank-mulls-issuing-its-own-digital-currency\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Bloomberg<\/span><\/a><span style=\"font-weight: 400;\">, citing the central bank governor, Benjamin Diokno.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">A final decision on issuing a CBDC will be made after the working group&#8217;s findings, he stressed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The initial results from its work are expected next month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Diokno stressed that, to date, the rise in cryptocurrency popularity has not affected demand for fiat money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Earlier, the Philippines&#8217; largest bank, UnionBank, became the first financial institution in the country to issue its own stablecoin and to carry out first transactions with it.<\/span><\/p>\n<p>Follow ForkLog&#8217;s news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Philippine central bank has formed a working group to study the need for, and potential consequences of, issuing its own digital currency (CBDC). Bloomberg reports, citing the central bank governor, Benjamin Diokno.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,435],"class_list":["post-26613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-philippines"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26613"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26613\/revisions"}],"predecessor-version":[{"id":26614,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26613\/revisions\/26614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}