Hong Kong Central Bank Willing to Test Digital Yuan

Finance Magnates Telegram Channel The Hong Kong Monetary Authority (HKMA) has confirmed that it is willing to collaborate with the Peopleࢀ™s Bank of China (PBoC) for the trials of digital yuan in the special-administrative region. Answering a set of questions raised by lawmaker Chan Chun-ying, the HKMAࢀ™s financial services and treasury secretary, Christopher Hui, publicized the monetary regulatorࢀ™s stance towards the development of a central bank digital currency (CBDC). Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awards Hui detailed that the HKMAࢀ™s priority is to develop a digital currency for…