$308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express
Cointelegraph
Published Nov 02, 2023 07:48PM ET
Updated Nov 02, 2023 08:00PM ET
Hong Kong is one step closer to a central bank digital currency (CBDC) with the release of its successful e-HKD phase 1 results in collaboration with Visa (NYSE:V), HSBC, and Hang Seng Bank.
According to the November 1 announcement, Visa said that it achieved “near real-time” finality with transfers involving tokenized deposits of the digital Hong Kong dollar (e-HKD).
“Tokenized deposits were burned on the sending bank’s ledger, minted on the receiving bank’s ledger, and simultaneously settled interbank via the simulated wholesale CBDC layer,” the payments firm wrote.
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Written By: Cointelegraph
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