PANews reported on July 27 that according to News.bitcoin, the Central Bank of the Philippines (BSP) plans to launch a wholesale central bank digital currency (CBDC) by 2029. The Central Bank of the Philippines' CBDC plan is about to complete the proof of concept. "This is an innovative payment tool," said the deputy governor of the BSP. "This is a brand new thing, and we must ensure that we can provide and operate it."
The Philippines plans to launch a wholesale CBDC by 2029.
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