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Hong Kong Advances CBDC Development with e-HKD Pilot Completion

Hong Kong Advances CBDC Development with e-HKD Pilot Completion

Author:

Global Cryptocurrency

Published:

2025-10-28 10:34:02

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BTCCSquare news:

The Hong Kong Monetary Authority has wrapped up Phase II of its digital currency pilot, testing the e-HKD and tokenized deposits across 11 real-world applications. Trials demonstrated both forms of digital money enable cheaper, programmable transactions with institutional-grade security.

Wholesale financial applications will take priority in the rollout, with tokenization standards and policy frameworks slated for completion by mid-2026. The project involved collaboration with major banks, tech firms, and payment providers—a deliberate step toward cementing Hong Kong's position as a digital finance hub.

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