Hong Kong broadens e-HKD; Canada, Australia desert retail CBDCs
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Hong Kong has actually introduced the 2nd stage of its reserve bank digital currency (CBDC) pilot, broadening it beyond a retail Hong Kong dollar to include tokenized deposits. Somewhere else, Canada and Australia are moving from retail CBDCs, with the previous leaving the sector completely while the latter turns its attention to a wholesale CBDC.
Hong Kong introduces e-HKD+
Today, the Hong Kong Monetary Authority (HKMA) released Phase 2 of its CBDC task, broadening it beyond the digital Hong Kong dollar (e-HKD) to include tokenized deposits.
The HKMA presented the very first CBDC pilot in May 2023, hiring 16 worldwide companies, consisting of Visa (NASDAQ: V) and HSBC (NASDAQ: HSBC). The very...