News with the tag "Hong Kong CBDC"

The Hong Kong Monetary Authority (HKMA) has officially launched the second phase of its e-HKD pilot, which is an important move in the further study of central bank digital currencies (CBDCs) in the region. This second stage is designed to explore more deeply the functionalities and applications of ...

Hong Kong’s effort in digital currency gains momentum with Microsoft and Ant Digital partnering with the Hong Kong Monetary Authority (HKMA) on a pioneering wCBDC project. Notably, this collaboration marks a key step in bolstering Hong Kong’s status in digital finance innovation. Microsoft’s Focus O...

Hong Kong’s digital currency initiative receives a significant boost as global tech giant Microsoft and Ant Digital join forces with the Hong Kong Monetary Authority (HKMA) in a groundbreaking wCBDC (wholesale Central Bank Digital Currency) project. Notably, this collaboration marks a pivotal step t...

Visa, a global leader in payments technology, has announced the successful completion of a pilot test of tokenized deposits using central bank digital currencies (CBDCs). On November 1, Visa announced that it had completed the Hong Kong Monetary Authority’s CBDC pilot program with leading financial ...

As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities and challenge...

Hong Kong and the Unite­d Arab Emirates (UAE) have strengthe­ned their financial cooperation through collaboration on various finte­ch initiatives. These initiative­s include the deve­lopment of central bank digital currencie­s (CBDCs), aiming to enhance their cross-borde­r trade, payment systems, a...

The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank digital currency (CBDC),” the central banking instituti...