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Wednesday

23 June 2021

Hong Kong Includes CBDCs in 5-Point Agenda for Fintech Development

Hong Kong Includes CBDCs in 5-Point Agenda for Fintech Development


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Hong Kong Includes CBDCs in 5-Point Agenda for Fintech Development.

The Hong Kong Monetary Authority (HKMA) is pursuing a comprehensive fintech revamp for the city and its plans include central bank digital currencies (CBDC).

Indeed, both Hong Kong and China have been developing modalities to promote the utilization of the digital currency electronic payment project (DCEP) for both mainland and island residents since December 2020.

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