Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

by Aurelia Butler 21 October 2022, 20:20 129 Views

Aurum consists of a wholesale interbank system and retail e-wallet. The e-wallet is created at a local bank and has a smartphone interface. A validator system prevents bank over-issuance and user double redemption.

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Source: Cryptocurrency - investing.com

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Hong Kong unveils completed retail CBDC project that has a CBDC-backed stablecoin

Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more

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