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Hong Kong Monetary Authority: Retail CBDC can add value to payments ecosystem, but has not yet decided whether to launch e-Hong Kong dollar

On October 30th, the Hong Kong Monetary Authority released a report on the first phase of the CBDC pilot. The report pointed out that retail central bank digital currency (CBDC) can add value to the payment ecosystem and achieve new economic transactions, but further investigation and evaluation are needed to determine large-scale and real-life applications.

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