Hong Kong Monetary Authority: A comprehensive digital currency framework will be established to promote the complementary coexistence of digital Hong Kong dollar, tokenized deposits, and stablecoins

ChainCatcher news, the President of the Hong Kong Monetary Authority, Eddie Yue, wrote an article in "The Banker" titled "Building Bridges for Hong Kong's Digital Economy," announcing the release of the next phase of the fintech development blueprint to ensure that Hong Kong remains at the forefront of fintech.

The Hong Kong Monetary Authority will explore Central Bank Digital Currency (CBDC) and build a new generation of data infrastructure, further researching tokenization to improve the financial system. In addition, Hong Kong will establish a comprehensive digital currency framework to promote the complementary coexistence of different forms of tokenized currencies, such as the digital Hong Kong dollar, tokenized deposits, and regulated stablecoins.