e-HKD – DIGIT INFO

Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases

DIGIT — Thu, 26 Sep 2024 02:46:24 +0000

The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […]

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Hong Kong’s e-HKD project expands into tokenization, programmability

DIGIT — Mon, 23 Sep 2024 20:02:44 +0000

The Hong Kong Monetary Authority is looking at a potential CBDC from a wide perspective.

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Hong Kong Launches Second Phase of Its CBDC Pilot Program

DIGIT — Tue, 19 Mar 2024 09:45:57 +0000

The Hong Kong Monetary Authority announced the launch of the second phase of the pilot of its CBDC, the digital Hong Kong dollar (e-HKD). This new phase will focus on furthering the research on already examined use cases for the currency, including programmability and tokenization, and adding new, not previously explored use cases. Hong Kong […]

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Hong Kong Presents Digital Currency Prototype, Project Aurum

DIGIT — Mon, 24 Oct 2022 05:30:34 +0000

Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation […]

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Hong Kong to Start Testing Digital Currency in Coming Months

DIGIT — Thu, 22 Sep 2022 08:30:12 +0000

China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including the People’s Republic with its digital yuan project. Trials of […]

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Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

DIGIT — Thu, 28 Apr 2022 03:35:40 +0000

Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD.

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‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy

DIGIT — Thu, 10 Jun 2021 07:00:09 +0000

The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision of financial institutions. Hong Kong Central Bank to Support Fintech Development Hong Kong’s monetary policy […]

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Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

DIGIT — Wed, 09 Jun 2021 13:30:43 +0000

Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong Kong Residents to Load E-CNY Wallets via Mobile Phones China […]

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