Yesterday October 30, the Hong Kong Monetary Authority HKMA published a report outlining key findings from its recent e-HKD pilot initiative. The regulator launched the pilot programme in May to explore the use cases, implementation and design issues associated with the hypothetical introduction of a retail central bank digital currency CBDC the e-HKD in the special administrative region SAR.
The programme comprised 14 different project streams and involving leadership by 16 firms active across Hong Kong’s financial, payment and technology sectors. The projects set out to investigate application of a potential digital currency across six key areas fully-fledged payments programmable payments offline payments tokenised deposits settlement of...
