The Hong Kong Monetary Authority (HKMA) will establish a comprehensive digital currency framework to promote the complementary coexistence of digital Hong Kong dollars, tokenized deposits, and stablecoins.

This article is machine translated
Show original

According to ChainCatcher, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, wrote an article in The Hong Kong Economic Journal entitled "Paving the Way for Hong Kong's Digital Economy," announcing the release of the next phase of the financial technology development blueprint to ensure that Hong Kong continues to be at the forefront of financial technology.

The Hong Kong Monetary Authority (HKMA) will explore central bank digital currencies (CBDCs) and build next-generation data infrastructure, and further study tokenization to improve the financial system. In addition, Hong Kong will establish a comprehensive digital currency framework to promote the complementary coexistence of different forms of tokenized currencies, such as digital Hong Kong dollars, tokenized deposits, and regulated stablecoins.

Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments