CBDC of Hong Kong Reaches e-HKD Pilot Programme Phase 2

By Novasky | DevPress | 11 Oct 2024


Hong Kong has its own financial and tech services. And all the rules that work in china are on the top of the existing rules of the hongkong. And so they also have their own digital money. And it's named as a EHKD as a CBDC of the Hong Kong. 

Everybody and their dogs are building the CBDC at home. And China and Hongkong is not doing any different. They are launching their own e-HKD which is Hong Kong only CBDC which is to be used as a digital money.

And this digital money would be internationally compliant on the IMF and the FATF anti money laundering compliant too. Hong Kong monetary authority has made the phase 2 for the e-KHD too.

They posted about the update on the phase 2 recently on the tweet.

 

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Where is the e-HKD is going to be used under the authority of the HKMA? So the digital money is going to be used for the offline usage, programmability and the settlement of the tokenized assets.

So the upcoming tokenized assets and the RWA compliance is going to be there too. So you may notice that the upcoming digital money compliance is in the motion as well. Let’s say any new update comes up internationally the CBDC would be changing as per the norms.

Let’s see how the HKMA and the programmability in upcoming smart contracts, RWA and the tokenized platforms would be visible in near future.

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


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