Hong Kong considering whether the benefits of retail CBDCs are worth the associated risks.

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The post Hong Kong still weighing whether retail CBDC benefits outweigh the risks appeared first on CoinGeek.

This effort has evolved over the years into Project mBridge, a multi-nation cross-border CBDC effort with Thailand, the United Arab Emirates, and China’s central banks.

The top bank also believes that the city-state’s digital payment systems are “generally efficient and competitive” and that a retail CBDC may not be as urgent as in other countries.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaChinaHong KongThailandUnited Arab Emirates

Topics: Eddie Yue Central Bank Digital Currency Business Hong Kong Monetary Authority

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 03:00:04 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 20718077

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