Yu Weiwen: The wholesale potential of central bank digital currency is greater
2024-04-09 05:41:55
The President of the Hong Kong Monetary Authority, Yu Wei wen, stated that Hong Kong and even Asia are committed to promoting central bank digital currencies, and the Authority is testing retail applications, which have greater potential at the wholesale level. The central bank's digital currency can help solve long-term pain points such as inefficient and expensive cross-border payments, and will launch a wholesale level central bank digital currency sandbox in the middle of the year.
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