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18 January 2021

China and Hong Kong Prepare for Cross-border Digital Yuan Testing | BTCMANAGER

China and Hong Kong Prepare for Cross-border Digital Yuan Testing | BTCMANAGER


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China and Hong Kong Prepare for Cross-border Digital Yuan Testing.

China’s central bank and the Hong Kong Monetary Authority (HKMA) are gearing up to conduct a pilot test of the e-yuan central bank digital currency (CBDC) system.

According to Regulation Asia, the HKMA and the People’s Bank of China (PBOC) will soon test China’s CBDC for cross-border transactions involving Hong Kong and the mainland.

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