The challenge before us is to further broaden and deepen the reach of microfinance in the Philippines. At the Bangko Sentral, we accept this challenge and commit to uphold an enabling policy and regulatory environment that will allow microfinance to flourish further.
They raise a multifaceted technological and regulatory debate, covering financial regulation and anti-money laundering, as well as non-financial issues such as privacy, data and taxes. Stablecoins also raise deeper public-policy issues, particularly regarding the definition of money and monetary sovereignty. The report offers a framework for exploring these and related topics.