Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp

by Aurelia Butler 21 September 2022, 22:00 199 Views

The proposed rCBDC would have a two-tier structure consisting of a wholesale interbank system and the retail user wallet system. No wholesale Hong Kong CBDC has been introduced yet, but research on it began in 2017, four years before rCBDC planning started. The rCBDC would be disintermediated. The paper notes:

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Source: Cryptocurrency - investing.com

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Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp

Stocks making the biggest moves after hours: H.B. Fuller, KB Home, Lennar and more

Jerome Powell is prolonging our economic agony

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