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BREAKING: Hong Kong’s Insatiable Quest for Financial Disasters Enters Phase 2 as They Release Yet Another Utterly Pointless CBDC Pilot!

An illustration of a Hong Kong skyline at dusk, with various financial institutions' logos (Hang Seng Bank, HSBC, Standard Chartered) incorporated into the buildings as if they're part of the architecture. In the foreground, tokens and coins are scattered around a city map, symbolizing tokenized deposits and e-HKD in motion. A subtle gradient effect suggests movement and progress towards Phase 2.

Hong Kong’s Central Bank Launches Another Doomed Experiment: Because What We Really Need is More Unnecessary Digital Money!.

Source: bitcoin.com

The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while findings from the ongoing sandbox trials are expected by 2025. The Hong Kong Monetary Authority […]

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