Central Banking

HKMA has no plans to launch digital currency - Treasury official

hkma

Hong Kong’s advanced payment infrastructure makes issuing a central bank digital currency (CBDC) “less attractive” there than elsewhere, the country’s acting secretary for financial services and treasury said.

“The HKMA notes that the benefits of CBDC and its efficiency gains will depend on the actual circumstances of a jurisdiction,” Joseph Chan said on May 30 during a council meeting with legislators.

“In the context of Hong Kong, the already efficient payment infrastructure and services mak

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