Tag "retail CBDC"

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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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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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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