Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out.
According to Shanghai Securities News, Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority (HKMA), Hong Kong will become the “first cross-border pilot area for digital yuan outside Mainland China.” However, Lee did not put a timeframe on this….
Read More: Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach
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