REGULATORY ACTION Blockchain Project: Hong Kong Monetary Authority (HKMA) CBDC Program
The HKMA has a three-pronged approach to implementation of a retail central bank digital currency (CBDC), called e-HKD. The pilot program examines use cases, as well as implementation and design issues relating to e-HKD. 16 selected firms from the financial, payment and technology sectors are participating.
In addition to the retail CBDC, HKMA is piloting a wholesale CBDC (wCBDC) endeavor called, "Project Ensemble".
| Milestone Title | Date of Milestone | Type | NFT Drop | Sources |
|---|---|---|---|---|
Hong Kong Monetary Authority (HKMA) Opens Applications For Phase 2 Of CBDC Trials | March 14, 2024 | Announced |  | |
Hong Kong Monetary Authority (HKMA) Launches Wholesale Central Bank Digital Currency (wCBDC) Pilot | March 7, 2024 | Pilot (Limited Rollout) |   | |
HKMA Publishes CBDC (e-HKD) Phase 1 Report Findings | October 30, 2023 | Proof of Concept (Beta) |   | |
HKMA Announces Winners Of Its Global Fast Track CBDC Competition | November 2, 2022 | Announced | | |
Hong Kong Monetary Authority (HKMA) Starts e-HKD Retail CBDC Pilot | May 18, 2022 | Proof of Concept (Beta) | |
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