Hong Kong Monetary Authority

The HKMA announced it will research more into CBDC as part of a five point roadmap leading into 2025. HKMA is working with the BIS to study the e-HKD.

The HKMA already is working with the PBoC to support testing of the e-CNY to help enable cross-border payments.

The HKMA is working on both wholesale and retail based solutions.

Hong Kong has a GDP of 341 billion USD making it #33 in the world. But the GDP per capita is 61k USD ranking it #12 in the world (above the USA).

 The HKD is pegged to the USD.




By cryptorocks_editor