City positions itself at cutting edge of blockchain evolution
A security guard walks past a directory board of Hong Kong Monetary Authority in Hong Kong. (Photo: Reuters)
HONG KONG: The Hong Kong Monetary Authority (HKMA) has launched a wholesale central bank digital currency (wCBDC) pilot, the world’s first such platform for tokenised deposits, assets and central bank money.
The city’s de facto central bank is testing an ecosystem that includes digital forms of deposits by commercial banks, financial products using distributed ledger technology and central bank money for…
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