The initiative will initially focus on tokenized deposits with the HKMA providing support to local banks for trials.
Read moreDigital money lag threatens international security
Central banks face mounting pressure to innovate, or risk falling behind in the digital currency race, with implications for national security and financial stability.
Read moreNorway supports MiCA, considers CBDC for financial stability
Norges Bank backs the EU’s MiCA regulation while considering a CBDC to enhance cross-border payments and support financial stability in Norway.
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Blockchain’s Role in Solving the Global Debt Crisis: The Potential of XRP and Ripple’s Technology
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Norway’s Central Bank on CBDC Progress: We’re Not Falling Behind
Norway’s central bank is on track to decide by 2025 whether to adopt a central bank digital currency (CBDC), but officials stress there’s no urgency.
Read moreCrypto academics slam controversial ECB paper blasting Bitcoin
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin’s price should be regulated or outright banned.
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