BSP on track to launch CBDC within Governor's term, with pilot project "Project Agila" using Hyperledger Fabric.
The Bangko Sentral ng Pilipinas (BSP) is on track to launch its central bank digital currency (CBDC) within Governor Eli Remolona Jr.'s term, with a pilot project expected to conclude this year. The study and testing of the CBDC is on track, with implementation targeted for 2029. The BSP has designated Hyperledger Fabric as the distributed ledger technology for Project Agila, its pilot project for CBDCs.
July 24, 2024
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