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News Explorer — Hong Kong Will Expand Its Chinese CBDC Pilot

Generated by AI, curated by humans


Feb 29, 4:24 am
The Block

Hong Kong Will Expand Its Chinese CBDC Pilot

Hong Kong plans to expand the pilot scope of China's central bank digital currency (CBDC), e-CNY, to enhance cross-border payment efficiency. The government aims to allow more residents to top up their e-CNY wallets through the local Faster Payment System (FPS). The Hong Kong Monetary Authority (HKMA) has also been involved in the mBridge CBDC project for wholesale cross-border payments.

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