2 years ago
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
The Hong Kong Monetary Authority (HKMA) has issued a treatment insubstantial inviting views connected the cardinal issues astir a retail cardinal slope integer currency (CBDC).
The authorization is peculiarly studying the issuance mechanism, interoperability with different outgo systems, privateness and information protection.
The HKMA has antecedently studied the method aspects of issuing a CBDC, findings of which were published successful October past year. The resulting insubstantial studied imaginable architectures and plan options arsenic it relates to the operation of the infrastructure for distributing e-HKD.
Along with Hong Kong, the cardinal banks of astir each large system worldwide are engaged successful survey oregon improvement of CBDCs, successful portion arsenic a means of future-proofing their currencies from imaginable threats posed by accrued usage of privately issued integer currencies.
Hong Kong maintains its ain fiscal and judicial systems, among others, separately from the Chinese mainland arsenic portion of the “One Country, Two Systems” model nether which Hong Kong is governed.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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