Hong Kong Monetary Authority Initiates Research on Retail Central Bank Digital Currency

The Hong Kong Monetary Authority (HKMA) is reportedly rolling up its sleeves for retail Central Bank Digital Currency (CBDC) studies, according to a report published on Friday. The research to be conducted will focus on a digital version of the Hong Kong dollar, referred to as the “e-HKD”, and will develop pilot applications on behalf of a potential CBDC. CBDC Report from Hong Kong Monetary Authority With cryptocurrencies reaching a high rate of adoption worldwide, Central Bank Digital Currencies (CBDCs) have recently entered the radar of financial regulatory bodies. During this process, while some countries’ financial regulatory bodies adopted a more liberal policy towards cryptocurrencies, others have implemented stricter measures, bringing a broader regulatory framework towards the cryptocurrency ecosystem. CBDCs have become a significant topic of discussion during this time. Meanwhile, according to a report published during the day, the Hong Kong Monetary Authority (HKMA) is gearing up for CBDC […] The post Hong Kong Monetary Authority Initiates Research on Retail Central Bank Digital Currency appeared first on COINTURK NEWS.