The Philippines ruled out the possibility of issuing its own cryptocurrency
A member of the Central Bank of the Philippines said that the nation does not intend to enter the digital currency market in this way
A member of the Central Bank of the Philippines team reported that the nation has no interest in issuing its own cryptocurrency, despite the opportunities that exist today in the financial markets.
These statements were issued by Diwa Guinigundo, who is the deputy governor of the Central Bank of the Philippines.
“No, we will not issue our own cryptocurrency. We are not considering it,” the executive responded to the question of the International Monetary Fund.
The official also said that the country still has to resolve certain issues that revolve around digital currency, starting with the fact that they are still not considered “money”.
Everything stated by the vice-governor responds to the main concerns handled by both the Philippines and the country’s main regulator.
K. Tovar
Source: Coincrispy
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