Today news
About the same in other media
Philippines Central Bank Approves Trials for National Stablecoin Tied to Local Peso
Reading now: 681
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
Ex-Kansas Bank CEO Pleads Guilty to Embezzling $47M in Crypto Scheme 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 gocryptonft.com 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.
