HKMA investing in digital currency prototype

digital-6

The Hong Kong Monetary Authority (HKMA) has begun the first phase of a central bank digital currency project, joining a growing list of central banks exploring the benefits of distributed ledger technology (DLT).

In a document published recently by the legislative council, the HKMA announced it was in the process of creating a digital currency prototype in collaboration with a number of financial institutions and fintech group R3.

“The first phase of the research, which explores the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: