Hong Kong Monetary Authority: Expand cross-border pilot of digital RMB in Hong Kong
The use of digital RMB will provide Hong Kong and Mainland residents with an additional safe, convenient and new cross-border payment option.
JinseFinanceThe use of digital RMB will provide Hong Kong and Mainland residents with an additional safe, convenient and new cross-border payment option.
JinseFinanceOn April 16, 2024, the Hong Kong Monetary Authority (HKMA) issued guidelines on distributed ledger technology (DLT).
JinseFinanceAccording to official statements, the Hong Kong Monetary Authority hopes to use the "sandbox" to communicate regulatory expectations to institutions interested in issuing fiat currency stablecoins in Hong Kong and collect participants' opinions on the proposed regulatory requirements.
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EdmundEddie Yue, Chief Executive of the Hong Kong Monetary Authority, announced yesterday that in the coming months, they anticipate launching the second tokenized green bond.
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