Exploring the Innovative Uses of Central Bank Digital Currency in the Second Phase of the e-HKD Pilot Programme

Thursday, 14 March 2024, 12:30
The Hong Kong Monetary Authority has commenced the second phase of the pilot programme to investigate creative applications for a central bank digital currency. The initiative aims to discover new possibilities for introducing digital currency to the public, building upon the outcomes of the initial trial period that was disclosed five months ago. The exploration process is crucial for understanding the potential uses and benefits of a digital currency in Hong Kong.
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Exploring the Innovative Uses of Central Bank Digital Currency in the Second Phase of the e-HKD Pilot Programme

HKMA Explores Central Bank Digital Currency Opportunities

The Hong Kong Monetary Authority has embarked on the second phase of a pilot programme to delve deeper into the exploration of a central bank digital currency, emphasizing innovative uses for public transactions.

Key Findings from First Trial Run

Following the unveiling of results from the initial trial period five months ago, the HKMA is now further investigating the potential benefits and applications of a digital currency in Hong Kong.

The exploration of a central bank digital currency (CBDC) is considered to be a significant step towards modernizing the financial system.

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