Hong Kong Monetary Authority ( HKMA), published a report as part of the central bank digital currency (CBDC) studies.
As the crypto industry shifts to Asia, Hong Kong’s efforts towards the industry are in full swing. Hong Kongcryptocurrencies and CBDCbegan to take important steps in this regard.
Approving cryptocurrency trading and trying to provide regulatory clarity in this context hong Kong, CBDCis also taking firm steps towards it. HKMA, in a report released today, the digital Hong Kong dollar (e-HKD) signaled the importance of their work.
Hong Kong Takes Firm Steps for CBDC
Hong Kong Monetary Authority ( HKMA), published a report on the central bank digital currency (CBDC). HKMA, digital Hong Kong dollar ( e-HKDHe expressed his hope for the
HKMA, the report, the current payment system and the financial market He underlined that he doesn’t mind that CBDCs seem trivial . According to the report HKMA, e-HKDIt examines the usage areas for the digital economy and the rapid evolution in the digital economy.
It is aimed that the e-HKD, which has been piloted before, will emerge and be adopted quickly. In this context HKMAplans to accelerate its pilot studies.
In its report published today, the HKMA CBDCHe stated that he will take into account various factors in terms of policy and jurisdiction and will focus on applicable solutions.
Hong Kong, one of the architects of the Asian frenzy in the crypto industry, is trying to step into every aspect of the digital economy.
