The Hong Kong Monetary Authority HKMA and the People’s Bank of China PBoC have expanded the scope of a e-CNY pilot in Hong Kong to allow residents to use e-CNY wallets by Hong Kong residents, as well as the top-up of e-CNY wallets through the Faster Payment System FPS.
The interoperability between the FPS and the e-CNY system operated by the Digital Currency Institute DCI of the PBoC also marks the first linkage of a FPS with a central bank digital currency system in the world.
The expansion of the cross-boundary e-CNY pilot in Hong Kong is one of the six measures announced by...
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