Philippine central bank also to launch its own digital coin

[mlawson71]

After Japan, China and the UK, it appears, the Philippines will be the next country to seek to introduce a digital currency.
A special committee has been formed by the Bangko Sentral ng Pilipinas (BSP) to assess the feasibility of such a move as well as the possible consequences.
The governor of the country’s central bank, Benjamin Diokno, has stated, however, that there is no concrete decision and that the committee must reach a conclusion first.
The governor also pointed out that the blockchain technology itself is more valuable than the digital currency it supports.
Source
The idea of a state digital currency seems to be spreading across the world, let’s see which will be the next country to implement it.

[MrSpasybo]

Good news for the crypto community in the Philippines & Southeast Asia. Currently the Philippines and Thailand are two countries with a clear crypto legal framework here, the Philippine review and issuance of a CBDC will have a positive impact on the entire crypto community in the region.
I hope the CBDC trend will develop here and thanks to that, the Vietnamese crypto community will soon receive good news about CBDC or a legal stable coin.

[Quantum X]

Wow! This should be one of the biggest news in the Philippines concerning digital currency and since it is planned by one of the biggest bank in the Philippines it is not waste to tell in advance that this project will succeed.

[Alcor]

Now it is already quite difficult to predict which country will be the next to issue its national digital currency. Currently, more than 80 percent of all states are considering issuing their stablecoin to one degree or another. For example, in my country (Ukraine), the UAX digitized currency has been introduced since the beginning of this year. Therefore, the named list of states where they already exist is far from complete.