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.
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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 30, six Hong Kong virtual asset spot ETFs rang the bell and were listed on the Hong Kong Stock Exchange, officially making their market debut.
"Digital RMB" will expand the pilot scope in Hong Kong. Citizens will be able to easily open and use digital RMB wallets and add value through "FPS".
HKGCC proposes yuan-linked stablecoins and a Virtual Asset Connect Scheme to integrate digital currencies, enhancing Hong Kong's financial landscape and global business appeal.
Hong Kong's rigorous stablecoin regulations challenge global digital currency norms, setting a new benchmark in virtual asset governance.
The tests are part of Project Mbridge, a CBDC network that the HKMA is testing with the People's Bank of China.
CoinW put forward the slogan "Caring for stray animals, treating them as family" and introduced a social impact initiative promoting "adoption over purchase."
Upon final approval, SEBA will join the pioneer group of licensed entities in Hong Kong that will provide services for crypto investments.
The Hong Kong government issued a policy declaration on the development of virtual assets in Hong Kong, which triggered extensive discussions among Web3.0 professionals.
Though the city’s regulator has set a high bar for companies to operate at present, the door is open for the further relaxing of rules.