HKMA launches e-HKD pilot

The regulator has teamed up with 16 market participants to explore the viability of CBDC implementation. However, questions around interoperability, monetary sovereignty and the role of the traditional banking system remain.

Ella Arwyn Jones

May 23, 2023

Last Thursday (May 18), the Hong Kong Monetary Authority (HKMA) announced the commencement of a first round e-HKD pilot initiative that will investigate the use cases, implementation and design issues associated with the potential introduction of a central bank digital currency (CBDC) – the e-HKD – in the special administrative region (SAR).

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