HKMA launches e-HKD pilot
The regulator has teamed up with 16 market participants to explore the viability of CBDC implementation. However, questions around interoperability, monetary sovereignty and the role of the traditional banking system remain.
BigThink
May 23, 2023
Last Thursday May 18, the Hong Kong Monetary Authority HKMA announced the commencement of a first round e-HKD pilot initiative that will investigate the use cases, implementation and design issues associated with the potential introduction of a central bank digital currency CBDC the e-HKD in the special administrative region SAR.
The regulator announced a list of 16 firms from the financial, payment and technology sectors that have been selected to participate in the scheme and will explore potential use cases across six key categories fully-fledged payments programmable payments offline payments tokenised deposits settlement of Web3 transactions and settlement of tokenised assets.
The results from the...
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