For other transactions, the baseline will be to provide people with a level of privacy equal to that of current private digital solutions, avoiding the full anonymity. Widespread distribution should also benefit those parts of the population that have previously had no or insufficient access to financial services, thereby enhancing financial inclusion.
Fellow central bankers there is every reason to celebrate and to be happy today! Today, we mark the convergence of two important events: the 16th anniversary of the Bangko Sentral ng Pilipinas and the 60th year of central banking in the Philippines. At sixteen, the Bangko Sentral ng Pilipinas is a relatively young institution; but its foundation runs deep.