BSP dollar reserves dip in May

The central bank’s dollar reserves dipped in May, as the government withdrew foreign currency to use for debt repayments.   Data from the Bangko Sentral ng Pilipinas (BSP) showed the gross international reserves (GIR) declined by 0.67% to $106.978 billion as of end-May, from the $107.705 billion logged as of end-April.   However, this was 14.7% higher than the $93.288 […]

Diokno says BSP in no hurry to adopt digital currency

The Bangko Sentral ng Pilipinas (BSP) will continue to study the possibility of developing its own digital currency but will seek to build up its capacity to handle digital-currency operations.  “We are developing our capacity to adopt it but we are not in a hurry… at the moment,” Governor Benjamin E. Diokno said during the Institute of International Finance’s Asia-Pacific summit Friday, in response to a question about developing a central bank digital currency (CBDC).  “We remain supportive of financial innovations […]

Decentralized Digital Currency Companies Leverage AsiaPresswire’s Press Release Distribution in Korea

Seoul, Korea / SEAPRWire.com / Korea is a new battlefield for Decentralized Digital Currency giants. They leverage AsiaPresswire’s Korea press release distribution services to build their brand image and draw awareness of investors. Marketers in the Decentralized Digital Currency industry are recognizing the value of the digital trend in Korea as it relates to content campaigns and […]

Co2Bitcoin (Co2B) Combatting Global Warming at Coinsbit Exchange

Co2Bitcoin will be available on January 28, 2021 at the www.coinsbit.io exchange. New York, NY – A decentralized group of innovators and visionaries, focused on mitigating the causes and potentially cataclysmic effects of climate change, has introduced a new financial instrument. A cryptocurrency, Co2Bitcoin, available to the public on January 28th, 2021, will help Countries to finance local projects to combat global […]