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Bitcoin falls below $30,000, lowest since July 2021

Agence France-Presse
Posted at May 10 01:12 PM

Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets. Read more »

BSP says digital currency an 'experiment'

Jessica Fenol and Michelle Ong, ABS-CBN News
Updated as of May 02 10:53 AM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Monday said its central bank digital currency (CBDC) project would be an "experiment" and not yet a full-blown implementation. Read more »

BSP to circulate 500 million pieces of plastic P1,000

ABS-CBN News
Posted at Apr 28 01:09 PM

The Bangko Sentral ng Pilipinas said it will finish the release of at least 500 million of the new polymer P1,000 banknote in 2023. Read more »

Defacing money is a crime: BSP

ABS-CBN News
Posted at Apr 28 01:04 PM

Bangko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan on Thursday reminded the public that defacing Philippine currencies is a crime punishable by up to 6 years of imprisonment. Read more »

BSP eyes testing digital money in last quarter of 2022

Jessica Fenol, ABS-CBN News
Updated as of Apr 28 12:50 PM

The Bangko Sentral ng Pilipinas on Thursday said it was eyeing to pilot test the central bank digital currency by the last quarter of the year. Read more »

BSP to test digital money for wholesale transactions

ABS-CBN News
Updated as of Apr 27 02:02 PM

The Bangko Sentral ng Pilipinas on Wednesday said it would "pursue" a pilot project on the use of central bank digital currency (CBDC) for wholesale transactions. Read more »

BSP releases first 10-M pieces of P1,000 plastic bill

ABS-CBN News
Posted at Apr 26 11:57 AM

The Bangko Sentral ng Pilipinas on Tuesday said it released 10 million pieces of the new P1,000 polymer banknotes to banks last week. Read more »

BSP, PNP sue person who burned banknote in video

ABS-CBN News
Updated as of Apr 24 11:06 PM

The BSP and PNP have filed a criminal complaint against a person who was caught on video burning a P20 banknote. Read more »

BSP says new P1,000 polymer banknote not for sale

ABS-CBN News
Posted at Apr 22 11:45 AM

The Bangko Sentral ng Pilipinas on Friday said the new P1,000 polymer or plastic banknote should not be sold or bought. Read more »

Don't buy P20, P5 coins at higher prices online: BSP

ABS-CBN News
Posted at Apr 19 02:36 PM

The Bangko Sentral ng Pilipinas on Tuesday said consumers should not buy the P20 and enhanced P5 coins at higher prices since these are still in circulation. Read more »

Crypto-curious corporations struggle to find right recipe

Joseph Boyle, Agence France-Presse
Posted at Apr 10 03:02 PM

Many companies have tried to harness crypto payments before abandoning their efforts. Read more »

Meta virtual money moves could include 'Zuck Bucks'

Agence France-Presse
Posted at Apr 07 12:14 PM

Facebook's parent company Meta is exploring the potential of digital money referred to internally as 'Zuck Bucks', the Financial Times reported. Read more »

Ronin heist underscores crypto volatility

Warren De Guzman, ABS-CBN News
Updated as of Apr 01 04:08 PM

The $615-million heist from an Axie Infinity digital ledger underscores the volatile nature of virtual currency investments, a financial planner said. Read more »

BSP tells public to exchange, deposit unused coins

ABS-CBN News
Posted at Mar 23 02:54 PM

The Bangko Sentral ng Pilipinas on Wednesday reminded the public to observe proper handling of coins including the exchange or deposit of unused currency. Read more »

Diokno says 'no urgency' in using CBDCs

ABS-CBN News
Updated as of Mar 14 11:03 AM

Bangko Sentral ng PIlipinas Governor Benjamin Diokno on Monday said there is no urgency in using central bank digital (CBDCs) since the current payment system is "working very well." Read more »

Russia says nearly half its reserves are frozen, counts on ties with China

Mark Trevelyan, Reuters
Updated as of Mar 14 07:43 AM

Russia said it was counting on China to help it withstand the blow to its economy from Western sanctions, which it said had frozen nearly half of its gold and foreign currency reserves. Read more »

What would be the impact of a US 'digital dollar'?

Juliette Michel, Agence France-Presse
Posted at Mar 10 03:11 PM

US President Joe Biden has ordered the federal government to look into creating a digital dollar, a move with the potential to reshape how money is moved and used around the world. Read more »

India to launch state-backed 'digital rupee', tax crypto

Nivrita Ganguly, Agence France-Presse
Posted at Feb 03 08:43 AM

India will introduce a state-backed "digital rupee" and impose a 30 percent tax on profits from virtual currencies, the government announced Tuesday while unveiling the next financial year's budget. Read more »

El Salvador defends use of Bitcoin as legal tender

Agence France-Presse
Posted at Feb 01 08:38 AM

El Salvador's government on Monday defended the country's adoption of Bitcoin as legal tender, rejecting calls from the International Monetary Fund to change course. Read more »

BSP bats for stiffer penalties to curb fake bills

Warren De Guzman, ABS-CBN News
Updated as of Jan 28 08:19 AM

MANILA (UPDATED)- The Bangko Sentral ng Pilipinas on Thursday proposed tougher penalties for people who make counterfeit bills. Read more »