News Snapshot:
Hong Kong Treasury Secretary Christopher Hui said Wednesday the region’s government is considering collaborating with mainland authorities on China’s digital currency project, the digital yuan. Hui said during a Legislative Council Q&A Hong Kong is most interested in wholesale and cross-border digital currency use cases, a contrast to China’s primarily retail-facing digital yuan, also known as DC/EP. “If the [digital yuan] can be applied to cross-boundary payments, it would further promote the mutual connectivity†between China and Hong Kong, he said. Officials at the Hong Kong Monetary Authority plan to continue discussing the digital yuan with their counterparts at the...
