Tag "e-HKD"

The Transformative Potential of Blockchain for the Hong Kong Financial Sector

Hong Kong, a global financial centre, is incorporating blockchain technology into its financial services industry. As an international financial hub, Hong Kong acknowledges the potential of blockchain to drive innovation, efficiency, and transparency in the sector. The Hong Kong Financial

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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.

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GSBN Partners Ant to Digitise Shipping Processes in Hong Kong’s wCBDC Project

The Global Shipping Business Network (GSBN), in partnership with Ant Group, has developed a prototype electronic bill of lading (eBL) to digitise the longstanding paper-based processes in the shipping industry. According to GSBN CEO Bertrand Chen, this advancement is part

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HKMA Alerts Public to Fraudulent Claims Regarding e-HKD Pilot Programme

The Hong Kong Monetary Authority (HKMA) advises the public to exercise caution following reports of entities falsely claiming involvement in the e-HKD Pilot Programme. These entities have promoted e-HKD-related investment opportunities to attract investors under pretenses. The HKMA will officially

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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

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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

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6 Ways Hong Kong’s e-HKD Pilot Initiative Explores the Future of Currency

As part of its forward-looking “Fintech 2025” strategy, the Hong Kong Monetary Authority (HKMA) is preparing for the advent of central bank digital currencies (CBDCs), aiming to enhance Hong Kong’s capacity to issue CBDCs at both wholesale and retail levels,

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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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