Hong Kong Monetary Authority Launches Second Phase of Digital Hong Kong Dollar Pilot Program

According to PANews, the Hong Kong Monetary Authority (HKMA) has announced the launch of the second phase of its Digital Hong Kong Dollar pilot program. This phase aims to further explore innovative use cases for the digital currency in Hong Kong. The second phase will delve deeper into some of the experiments from the first phase, focusing on three unique features of the Digital Hong Kong Dollar that may offer significant value: programmability, tokenization, and real-time settlement. Additionally, the second phase will explore new use cases that were not included in the first phase.