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BIS: Central Banks Of China And United Arab Emirates Join Digital Currency Project For Cross-Border Payments

BIS: Central Banks Of China And United Arab Emirates Join Digital Currency Project For Cross-Border Payments
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United arab emiratesHong kongPeople bankDigital currency institute of the people bankCentral bankInnovation hub centre in hong kongDigital currency instituteHong kong monetary authorityHub centreஒன்றுபட்டது அரபு அமீரகங்கள்ஹாங் காங்மக்கள் வங்கிடிஜிட்டல் நாணய நிறுவனம் ஆஃப் தி மக்கள் வங்கிமைய வங்கிகண்டுபிடிப்பு மையம் மையம் இல் ஹாங் காங்டிஜிட்டல் நாணய நிறுவனம்

UAE Central Bank joins Hong Kong government s digital currency project

UAE Central Bank joins Hong Kong government s digital currency project
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Saudi arabiaHong kongAbdulhamid saeedPeople bankInternational monetary fundDigital currency institute of the people bankCentral bankSaudi central bankHong kong monetary authorityDigital currency instituteசவுதி அரேபியாஹாங் காங்மக்கள் வங்கிசர்வதேச பண நிதிடிஜிட்டல் நாணய நிறுவனம் ஆஃப் தி மக்கள் வங்கிமைய வங்கி

HK should leverage CBDC to gain digital finance leadership

HK should leverage CBDC to gain digital finance leadership By Kenny Shui and Judy Chen | China Daily Asia | Updated: 2020-12-31 09:16 The booth of the Digital Currency Institute of the People s Bank of China at an expo in Beijing. [Photo provided to CHINA DAILY] As the popularity of electronic payment on the mainland continues to soar, Beijing is also taking the digitization of legal tender (or central bank issued currency) seriously. On the 40th anniversary of the establishment of Shenzhen as a Special Economic Zone, President Xi Jinping announced his support for the internal pilot testing of digital renminbi, or e-CNY. He also urged further research, development and application of e-CNY, as well as international cooperation.

United statesHong kongCentral bank digital currencyEuropean central bankInternational settlementsFederal reservePeople bankDigital currency institute of the people bankEuropean unionHong kong monetary authorityDigital currency instituteSpecial economic zonePresident xi jinpingXiong an newWechat payShanghai hong kong stock connect

HK starts talks with PBOC for digital yuan pilot tests

HK starts talks with PBOC for digital yuan pilot tests By HE SHUSI in Hong Kong | China Daily | Updated: 2020-12-10 09:08 Share CLOSE China s official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken on Oct 16, 2020. [Photo/Agencies] The Hong Kong Monetary Authority said it is discussing the technical pilot testing of the digital yuan, or e-CNY, for cross-border payments with the Digital Currency Institute of the People s Bank of China, the central bank. Eddie Yue Wai-man, chief executive of the HKMA, said the monetary authority and the PBOC have been making corresponding technical preparations, but there is not yet a timetable for the launch.

Hong kong special administrative regionHong kong generalHong kongMacau generalCarlos casanovaGuangdong hong kongDigital currency institute of the people bankAsia at union bancaire priveeHong kong monetary authorityDigital currency instituteYue wai manUnion bancaire priveeFinancial secretary paul chan mo poGuangdong hong kong macao greater bayFaster payment systemஹாங் காங் ஜநரல்

HK starts talks with PBOC for digital yuan pilot tests--China Economic Net

The Hong Kong Monetary Authority said it is discussing the technical pilot testing of the digital yuan, or e-CNY, for cross-border payments with the Digital Currency Institute of the People s Bank of China, the central bank. Eddie Yue Wai-man, chief executive of the HKMA, said the monetary authority and the PBOC have been making corresponding technical preparations, but there is not yet a timetable for the launch. As the largest offshore yuan center, Hong Kong has a pool of more than 670 billion yuan ($99.8 billion) although most of it is illiquid. Renminbi is already in use in Hong Kong, and the status of e-CNY is the same as cash in circulation, said Yue. The digital currency will be an additional payment option for those who need to make cross-border purchases.

Hong kong special administrative regionHong kong generalHong kongMacau generalCarlos casanovaGuangdong hong kongDigital currency institute of the people bankAsia at union bancaire priveeHong kong monetary authorityDigital currency instituteYue wai manUnion bancaire priveeFinancial secretary paul chan mo poGuangdong hong kong macao greater bayFaster payment systemஹாங் காங் ஜநரல்