HKIEF Hong Kong Innovative Encryption Fund: Expected to adopt a two-tier distribution framework for digital Hong Kong dollar

ChainCatcher message, HKIEF Hong Kong Innovation and Cryptocurrency Fund stated on social media that, based on the opinions gathered from the Hong Kong Monetary Authority's market consultation and related responses, it is expected that the digital Hong Kong dollar will adopt a two-tier distribution framework, where the central bank is responsible for issuing digital currency to commercial banks at the wholesale level; while commercial banks and other payment companies will be responsible for exchanging it to the public. At the same time, a three-track approach is planned to prepare for the potential launch of the digital Hong Kong dollar in the future. (source link)