Tag "central bank digital currency (CBDC)"

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

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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

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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

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BIS, Central Banks Complete Large Scale Cross-Border CBDC Pilot

Project mBridge, a collaboration between four central banks and the Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre, has completed a successful pilot involving the use of central bank digital currencies (CBDCs) by commercial banks to conduct real-value

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CBDCs and Virtual Assets Dominate Day One of Hong Kong Fintech Week 2022

The seventh edition of Hong Kong’s flagship fintech event Hong Kong Fintech Week (HKFW) 2022 kicked off this week, organised by the Hong Kong Monetary Authority (HKMA) with Invest Hong Kong. The first day of the HKFW 2022 saw several

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HKMA, BIS Publish Report on the World’s Largest Multi-CBDC Pilot Project

The Hong Kong Monetary Authority (HKMA), Bank for International Settlements (BIS), Bank of Thailand, Central Bank of the United Arab Emirates, and the Digital Currency Institute of the People’s Bank of China have published a report on the completed pilot

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How Will Hong Kong’s Digital Currency E-HKD Work?

The Hong Kong Monetary Authority (HKMA) has released a technical whitepaper on a retail central bank digital currency (CBDC), proposing an architecture that would follow the key principles of safety, efficiency, and openness. The paper, titled e-HKD: A technical perspective,

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Despite Crackdowns, China Remains One of the World’s Top Crypto Market

Despite crackdowns on cryptocurrency trading and mining, China remains one of the most active cryptocurrency markets in the world, according to a new report by blockchain data platform Chainalysis. Between January and June 2021, cryptocurrency addresses believed to be controlled

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China’s CBDC Pilot Surpasses US$ 5 Billion in Total Transaction Value

Since launching pilots for its central bank digital currency (CBDC) back in late 2019, China has seen 70.75 million transactions being conducted using the so-called e-CNY scheme with value totaling RMB 34.5 billion, or US$5.3 billion, new data from the

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Asia Leads the Way with Central Bank Backed Digital Currencies (CBDCs)

Central banks in Asian countries including Cambodia, Thailand, Mainland China, Hong Kong and Singapore, have more advanced central bank digital currency (CBDC) projects than their global counterparts, outperforming those of Canada, the UK and Sweden, a new analysis by PwC

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