Tag "central bank digital currency (CBDC)"

HKMA Initiates Project Ensemble Architecture Community to Boost Tokenisation Market

The Hong Kong Monetary Authority (HKMA) announced the creation of the Project Ensemble Architecture Community (the Community), a collaborative initiative to shape standards and provide suggestions to support the development of Hong Kong’s tokenisation market. The Community aims to develop

Read More

HKMA Eddie Yue Discusses Hong Kong’s Role in Shaping the Future of CBDCs

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), shared his thoughts on the future of money and payment systems in an increasingly digital world at the International Conference on Central Bank Digital Currencies and Payment Systems. The

Read More

e-HKD: How Hong Kong’s Digital Currency Might Change How We Think About Money

In the ever-changing world of finance, we’re standing at the brink of a transformation that’s as profound as it is wide-reaching. At the heart of this seismic shift is Hong Kong, where the global pulse of finance meets cutting-edge technology.

Read More

HKMA’s Project Ensemble to Propel Tokenisation Market with wCBDC Initiative

The Hong Kong Monetary Authority (HKMA) has announced the initiation of Project Ensemble, a new venture aimed at supporting the development of the tokenisation market in Hong Kong via the introduction of a wholesale central bank digital currency (wCBDC). This

Read More

Hang Seng Bank Investigates Significance of Programmability in e-HKD CBDC Adoption

Programmability is a crucial feature for future payment innovation, an attribute which should be integrated into the e-HKD scheme should the central bank digital currency (CBDC) be issued, a new report by Hang Seng Bank and global management consulting firm

Read More

The Top 5 Fintech Trends that Will Dominate Hong Kong in 2024

Hong Kong, a key player in Asia’s financial sector, is progressively establishing itself in the global fintech scene, characterised by continuous technological advancements in finance. The top fintech trends in Hong Kong shaping this growth include the rise of digital

Read More

Italy and South Korea Unite to Advance CBDC and Real-Time Settlements

The Bank of Italy and the Bank of Korea have signed a memorandum of understanding (MOU) to facilitate the exchange of knowledge and expertise related to central bank digital currencies (CBDCs) and real-time gross settlement (RTGS) systems. Under the terms

Read More

Hong Kong Among the Most Advanced in CBDC Development

This year’s PwC Global CBCD Index is seeing the addition of new countries into its ranking of the world’s most advanced retail central bank digital currency (CBDC) projects, with India, Japan and Hong Kong joining the list and leading the

Read More

Standard Chartered Joins China’s Digital Yuan Pilot as First Foreign Bank

Standard Chartered’s China division has joined the digital renminbi business pilot, making it one of the first foreign banks to do so. Standard Chartered, in collaboration with City Bank Clearing Services, announced the introduction of exchange services for China’s central

Read More

CBDC: Hong Kong Furthers Digital HKD Ambitions

Hong Kong is working towards further integrating the digital yuan (e-CNY), unveiling last week a number of new initiatives designed to increase support of the central bank digital currency (CBDC) in the city. At the same time, the government is

Read More