Hong Kong includes central bank digital currency in fintech strategy

Cointelegraph

Published Jun 08, 2021 06:08AM ET

Updated Jun 08, 2021 07:40AM ET

The Hong Kong Monetary Authority (HKMA) has published its “Fintech 2025” strategy with central bank digital currencies (CBDC), both retail and wholesale, included in the digital finance innovation package.

Unveiling the fintech strategy via a release issued on Tuesday, CBDCs will reportedly play a part in the city administration’s goal of promoting comprehensive digital finance adoption by 2025.

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