Hong Kong Monetary Authority: Expand cross-border pilot of digital RMB in Hong Kong
The use of digital RMB will provide Hong Kong and Mainland residents with an additional safe, convenient and new cross-border payment option.

The use of digital RMB will provide Hong Kong and Mainland residents with an additional safe, convenient and new cross-border payment option.
On April 16, 2024, the Hong Kong Monetary Authority (HKMA) issued guidelines on distributed ledger technology (DLT).
According to official statements, the Hong Kong Monetary Authority hopes to use the "sandbox" to communicate regulatory expectations to institutions interested in issuing fiat currency stablecoins in Hong Kong and collect participants' opinions on the proposed regulatory requirements.
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