TechFlow, October 30 — According to Caixin, the Hong Kong Monetary Authority's (HKMA) Digital Hong Kong Dollar Pilot Program has recently concluded. The HKMA's latest interim decision is to pause further expansion of the digital Hong Kong dollar into retail scenarios and instead focus on implementing applications at the wholesale level, allowing e-HKD to complement the traditional Real-Time Gross Settlement System (RTGS). Kenneth Chow, Assistant Chief Executive of the HKMA in charge of financial infrastructure, said further exploration of other wholesale applications for the digital Hong Kong dollar includes areas such as stock dividend payments, and efforts will be made to upgrade the use of the digital Hong Kong dollar when the Hong Kong Special Administrative Region government issues its third tranche of tokenized government bonds.
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