Hong Kong launches second phase of CBDC pilot
Next stage will explore use cases for e-HKD and tokenised deposits
Hong Kong’s de facto central bank has begun the second phase of its digital currency pilot scheme.
The Hong Kong Monetary Authority (HKMA) said on September 23 that it had selected more than 20 firms to take part, having previously invited industry players to submit proposals for the trials.
It said the institutions would explore use cases for the central bank digital currency (CBDC) and for tokenised deposits. It added that the focus would be on the settlement of tokenised assets, programmability
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