The Bangko Sentral ng Pilipinas (BSP) announced on Wednesday the establishment of a new sector that would manage the interplay of physical and digital money.
In a virtual briefing on Wednesday, BSP Governor Benjamin Diokno said the Payments and Currency Management Sector (PCMS) would be “responsible for maintaining the safety and integrity of the Philippine currency” and “ensure a well-functioning payment and cash ecosystem that supports [long-term] economic growth.”
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