The Hong Kong Monetary Authority (HKMA) has said it will start laying the foundation to implement a retail central bank digital currency in a report published on Friday. Although it had been looking into the development of a digital version of the Hong Kong dollar – dubbed "e-HKD" –since at least 2017, a recent study and comments received from "two rounds of market consultation" has convinced the HKMA that it's "necessary to at least start paving the way for possible future implementation" of a retail CBDC. Central banks around the world are increasingly exploring design options and applications for digital versions of sovereign currencies.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments