3 Truths and Myths About Cryptocurrency in PH, According to BSP Governor Espenilla

The Bangko Sentral ng Pilipinas (BSP)’s policy stance towards cryptocurrencies in the Philippines has evolved alongside the spread and widening use of virtual money for transfers, payments and investment.




Referring to digital, decentralized and unregulated currencies such as Bitcoin and Ethereum, cryptocurrencies are touted to disrupt traditional fiat or legal money as medium of exchange, unit of account and store of value.