News Snapshot:
HKMA Will Work on Digital Hong Kong Dollar as Part of Fintech 2025 Strategy By WhatsApp The Hong Kong Monetary Authority (HKMA) has announced that it plans to research the development of its own digital currency as part of a broader push to drive the development of the city’s fintech sector. On 8 June HKMA publicly released its Fintech 2025 strategy (金融科技2025), which has the goal of driving comprehensive use of fintech in the Hong Kong financial sector by 2025. HKMA chief executive Eddie Yue said that the authority is currently working with the Bank for International Settlements Innovation Hub...
