Hong Kong Advances Digital Currency Innovation With New Phase Of e-HKD Pilot
The HKMA has initiated Phase 2 of the e-HKD Pilot Programme, known as Project e-HKD+, on September 23. This new phase represents a strategic expansion in the exploration of digital currencies, including e-HKD and tokenised deposits. The project aims to develop a robust digital money ecosystem that could significantly impact both individual consumers and corporate entities. Under the revised and more encompassing Project e-HKD+, 11 groups from diverse sectors will investigate practical applications across three primary areas: the settlement of tokenised assets, the programmability of digital currencies, and offline payment...