Eddie Yue – 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 and UAE central banks collab on crypto rules, fintech development

DIGIT — Wed, 31 May 2023 03:35:00 +0000

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”

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Hong Kong Protects Local Currency in Forex Market Amid Capital Flight to US Dollar

DIGIT — Thu, 29 Sep 2022 14:30:33 +0000

Following the Bank of England explaining that it would be meddling in U.K. bond markets and the Bank of Japan defending the yen in the foreign exchange market last week, the Hong Kong Monetary Authority (HKMA) revealed it intervened in forex markets on Wednesday. Hong Kong’s central bank detailed that it interfered in forex markets […]

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Australian central bank governor favors private sector crypto technology

DIGIT — Mon, 18 Jul 2022 05:29:07 +0000

Phillip Lowe believes that there are risks in dealing with cryptocurrency that can be mitigated by strong regulations, but the tech should be made by private companies.

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