Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. The Bangko Sentral ng Pilipinas (BSP) will not draw down its foreign currency reserves to artificially defend a ₱60 exchange rate against the US dollar. The policy stance comes as the Philippine peso breached the ₱62 threshold for the first time in history, ending trading at ₱62.265 on August 28, 2026. Managing Volatility Over Rate Pegs Addressing lawmakers during a Senate finance committee hearing, BSP Governor Eli Remolona Jr. clarified that while the central bank can intervene to cushion sharp …


