News Snapshot:
As Hong Kong revs up testing digital RMB, Macau still in preparatory stage Honey Tsang, MDT 632 Views Hong Kong and China are in discussions to further expand the scope of cross-border technical testing of the digital yuan, also known as digital RMB, following its first phase, according to a report published yesterday by Bloomberg. In an e-mailed reply to Bloomberg, the Hong Kong Monetary Authority (HKMA) unveiled that it and the Digital Currency Institute of the People’s Bank of China (PBOC), along with a bank designated by the mainland authority and merchants, had teamed up to carry out the...
