digital-currency | ABS-CBN News

UN body bats for central bank digital currencies

Warren de Guzman, ABS-CBN News
Posted at Oct 26 08:41 PM

A UN body recommended on Wednesday that countries hasten the adoption of central bank digital currencies (CBDCs) to increase financial inclusion. Read more »

BSP to launch digital currency experiment in Q4

Warren De Guzman, ABS-CBN News
Posted at May 20 02:37 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Friday said the experiment on wholesale central bank digital currency (CBDC) would begin in the fourth quarter. Read more »

Game app makers, crypto institution nagturo ng 'play-to-earn', crypto currency

ABS-CBN News
Posted at May 20 10:54 AM

Nagsanib pwersa ang ilang mga game app makers at crypto institutions para mas maging pamilyar ang mga Pinoy dito. 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 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 »

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 »

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 »

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 »

ADB eyes use of blockchain for cross-border securities transactions

Jessica Fenol, ABS-CBN News
Posted at Jan 26 02:10 PM

The Asian Development Bank on Wednesday said it launched a project to explore the possibility of directly connecting central banks and securities depositories in the ASEAN+3 region using blockchain technology. Read more »

BSP eyeing central bank digital currency use in 'near future'

ABS-CBN News
Updated as of Nov 16 12:57 PM

The Bangko Sentral said it is eyeing the use of central bank digital currencies (CBDC) but for wholesale transactions not retail in the "near future." Read more »

From Squid coin to memes, the 'Wild West' of crypto

Joseph Sotinel with Thomas Urbain in New York, Agence France-Presse
Updated as of Nov 10 09:45 AM

While bitcoin is leading the way, investors snapping up newer cryptocurrencies are falling victim to scams. Read more »

G7 officials endorse principles for central bank digital currencies

Reuters
Posted at Oct 14 02:59 PM

G7 finance officials on Wednesday endorsed 13 public policy principles for central bank digital currencies, saying such currencies should be grounded in transparency, the rule of law and sound economic governance, the Treasury Department said. Read more »

New money: Central banks lay out operating manual for digital cash

Reuters
Posted at Oct 01 09:06 AM

A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders. Read more »

Facebook could launch digital wallet this year: report

Agence France-Presse
Posted at Aug 26 02:46 PM

Facebook is ready to launch a digital wallet that would let users store cryptocurrencies, a senior company executive said Wednesday. Read more »

Bitcoin jumps above $50,000 for first time since May

Agence France-Presse
Posted at Aug 23 11:38 AM

Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. Read more »

Magkapera tuwing gagamit ng kubeta

ABS-CBN News
Posted at Jul 15 07:44 PM

Ginagawang biogas at pataba sa lupa ang mga dumi na naiipon.  Read more »

Digital currency craze might be like bad fashion fad: US Fed vice chair

Agence France-Presse
Posted at Jun 29 09:03 AM

When it comes to the fleeting craze over baggy parachute pants in the 1980s the consequences are "merely puzzling or embarrassing," but with a currency it could be more serious. Read more »

HSBC CEO says Bitcoin not for us

Lawrence White and Rachel Armstrong, Reuters
Posted at May 25 08:57 AM

HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief Executive Noel Quinn told Reuters. Read more »