TechFlow news: Hong Kong has launched the second phase of its e-HKD pilot, focusing on programmability, tokenization, and atomic settlement related to central bank digital currencies (CBDCs) to promote broader CBDC adoption. The first phase ended in 2023, concentrating on domestic retail payments and tokenized asset settlements. The second phase will run until mid-2025, and the government is now accepting applications for participation. The Hong Kong Monetary Authority stated that its CBDC research began in 2017, with increased focus on the potential e-HKD starting in 2021.
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