{"id":30526,"date":"2020-10-22T16:16:03","date_gmt":"2020-10-22T13:16:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30526"},"modified":"2025-08-27T22:45:01","modified_gmt":"2025-08-27T19:45:01","slug":"philippine-central-bank-doubts-imminent-cbdc-launch","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/philippine-central-bank-doubts-imminent-cbdc-launch\/","title":{"rendered":"Philippine central bank doubts imminent CBDC launch"},"content":{"rendered":"<p>The Philippine central bank&#8217;s working group sees a need for further study into the possibility of issuing its own digital currency (CBDC), the central bank governor Benjamin Diokno said. This was reported by <a href=\"https:\/\/business.inquirer.net\/310205\/bsp-says-more-groundwork-needed-before-it-can-issue-digital-currency\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Inquirer<\/a>.<\/p>\n<p><!--more--><\/p>\n<p>According to him, creating a CBDC will require considerably more time. The central bank plans to work out ways to improve the country&#8217;s existing payments system. He is interested in the results of studies by other regulators.<\/p>\n<p>The authorities also did not rule out that the working group might need help from the International Monetary Fund and the Bank for International Settlements.<\/p>\n<p>Earlier in July, the Philippines regulator <a href=\"https:\/\/u1f987.com\/en\/news\/philippine-central-bank-begins-study-into-issuing-its-own-digital-currency\">began<\/a> studying the need for and implications of issuing a CBDC.<\/p>\n<p>Readers can learn why regulators around the world are creating their own digital currencies, at ForkLog.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"xP6PiKuZGx\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/how-and-why-central-banks-create-digital-currencies-cbdcs\">How and why central banks create digital currencies (CBDC)<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"How and why central banks create digital currencies (CBDC) \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/exclusive\/central-bank-digital-currencies-cbdc-china-dcep\/embed#?secret=jL5lTnHb0I#?secret=xP6PiKuZGx\" data-secret=\"xP6PiKuZGx\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Philippine central bank&#8217;s working group sees a need for further study into the possibility of issuing its own CBDC, said regulator head Benjamin Diokno. This was reported by Inquirer.<\/p>\n","protected":false},"author":1,"featured_media":30527,"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-30526","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":"14","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30526","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=30526"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30526\/revisions"}],"predecessor-version":[{"id":30528,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30526\/revisions\/30528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30527"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}