E-HKD will promote innovation in the financial services industry as the city moves closer to finding more use cases for the digital coin before it is rolled out to the public, experts say.
The Hong Kong Monetary Authority (HKMA) is preparing to conduct another trial of its digital currency, e-HKD. This upcoming test will focus on the pricing
The HKMA plans to replace the term ‘virtual bank’ with ‘licensed digital bank’ in reference to the city’s eight branchless lenders to remove negative connotations associated with the term in Chinese.
“We are diligently preparing to introduce virtual asset trading services for retail investors,” CEO Ronald Iu Man-chung said in an interview. “We will…