Hong Kong to study ‘e-HKD’ at retail level

hong-kong-island
Hong Kong

Hong Kong will study the use of retail central bank digital currencies (CBDCs) in the next 12 months, including e-HKD and e-CNY.

The government will step up preparations for the issuance of CBDC in Hong Kong at the wholesale and retail levels, while promoting mobile payments and digital economy in the city, financial secretary Paul Chan wrote in an official column on June 27.

Besides a digital version of the Hong Kong dollar, the city will also work with the People’s Bank of China to conduct

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