Source: South China Morning Post “This phase of the HKMA’s digital currency programme will focus on efficiency and whether the e-HKD attracts and entices users.” Deputy CEO Howard Lee says. The Hong Kong Monetary Authority (HKMA) has launched the second phase of the e-HKD pilot programme to examine the feasibility of 11 new use cases,… Continue reading Hong Kong’s central bank to explore 11 use cases in phase 2 of e-HKD pilot
Tag: Central Bank
European Central Bank releases first CBDC progress update
Source: Cointelegraph The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking. The European Central Bank (ECB) released its first progress report on developing a central bank digital currency (CBDC) in a June 24 update. Privacy provisions were a main focus, with the ECB promising pseudonymization, hashing functions,… Continue reading European Central Bank releases first CBDC progress update
BIS and 7 central banks to explore asset tokenization through Project Agora
Source: Cointelegraph The proof-of-concept projects seek to create a centralized platform for cross-border CBDC payments and tokenized money transfers. The Bank for International Settlements (BIS) has teamed up with the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom and the United States Federal Reserve Banks to explore asset tokenization within the… Continue reading BIS and 7 central banks to explore asset tokenization through Project Agora
