Tag "BIS Innovation Hub Hong Kong Centre"

Fintech in Hong Kong: 2023 in Review

In 2023, Hong Kong’s fintech landscape continued to evolve, maintaining its position as a significant player in the global financial sector. This thriving metropolis hosts a dynamic ecosystem comprising over 800 fintech companies, 3,900 startups, and ten unicorn companies. With a

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BIS, Hong Kong and Israel Collaborate on Project Sela for Secure Retail CBDCs

Central bank money has always been the bedrock of global monetary systems, providing a rock-solid foundation of security, impartiality, accessibility, and integrity. Traditionally, this has manifested in physical cash, tangible notes and coins.  Yet, in an era of accelerating digitalisation,

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Project Dynamo Unveiling the Potential for CBDCs and Other Tokens

The financial industry is witnessing a wave of digital money and payment innovation driven by the public and private sectors. Central bank digital currencies (CBDCs), stablecoins, and deposit tokens are among the emerging digital assets that are transforming the global

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BIS: World’s First CBDC Pilot With Four Countries Is Completed

The Bank for International Settlements – BIS Innovation Hub Hong Kong Centre, Hong Kong Monetary Authority, Bank of Thailand, People’s Bank of China and the Central Bank of The UAE announce the successful completion of the first CBDC pilot involving

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