Today news
About the same in other media
Philippines Central Bank Approves Trials for National Stablecoin Tied to Local Peso
Reading now: 854
The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has given the green light for controlled trials of a national stablecoin that will be pegged 1:1 to the local peso.
The move comes as the BSP, in collaboration with crypto wallet provider Coins.ph, aims to explore the potential of a digital currency tied to the country’s fiat currency, according to a recent announcement.
The pilot project for the Philippine peso-backed stablecoin, known as PHPC, has been approved under the BSP’s Regulatory Sandbox Framework.
#ICYMI: #CoinsPH has been granted @bangkosentral (BSP) approval to pilot PHPC, a Philippine Peso stablecoin
Read more on cryptonews.comAbout this in other media
Russian Central Bank Flags Sharp Rise in Crypto-related Activity cryptonews.com /6 months ago
Ethereum Price Prediction as SEC Approves Ethereum ETFs – Where is ETH Headed Next? cryptonews.com /6 months ago
Disgraced FTX Founder Sam Bankman-Fried is Being Transferred to California Prison cryptonews.com /6 months ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
