Hong Kong Commences CBDC Pilot; Multiple Fintech Players Onboarded for Trial of e-HKD

Hong Kong has launched its e-HKD CBDC into pilot. This essentially means that Hong Kong will be conducting tests to determine how the CBDC could be used to process full-fledged payments, programmable payments, offline payments, tokenised deposits, settlement of Web3 transactions as well as settlement of tokenised assets.

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