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The central bank of the Philippines seems to have plans to explore the idea of a bank-mediated digital currency that does not use blockchain technology, within the next two years. This is not a confirmed decision yet, but an interesting proposition for the country’s financial landscape. A Central Bank Digital Currency (CBDC) is a type of virtual currency that is issued and regulated by a country’s central bank. However, unlike Bitcoin or Ethereum, which utilize blockchain technology for security, the proposed Philippine Central Bank Digital Currency