Hong Kong is stepping up efforts to develop its own central bank digital currency e-HKD this year, with regulators deploying the implementation to banks in Hong Kong and leaving the choice of a centralized or decentralized form to banks, sources reported. The source said at least one major bank is leaning toward developing an e-Hong Kong dollar on a permissioned blockchain, and that unlike the PBOC’s digital yuan, the architecture of Hong Kong’s CBDC is not being decided by the central government
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