Published 2 years ago

Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

Summary by Ground News

The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar. The authority also highlighted risks that such stable coins could undermine payment integrity due to operational or financial failures. The HKMA first announced its plans to study a retail-focused central bank issued digital currency in June 2021.

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Cointelegraph

Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper

The Hong Kong Monetary Authority has invited public feedback about its central bank issued digital currency, known as e-HKD.

2 years ago

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Cryptic Threadz News

Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper - Cryptic Threadz News

The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just released discussion paper about its retail central bank digital currency, e-HKD. The HKMA today issued a discussion paper, outlining the policy and design issues involved in the introduction of e-HKD, and encourages the public and industry […]

2 years ago

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