Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area

by Aurelia Butler 1 June 2023, 23:40 129 Views

The Greater Bay Area (GBA) presented an interesting test case because of the multiple currencies used in multiple jurisdictions. Macao uses the pataca, whereas Hong Kong uses the Hong Kong dollar and China the yuan. About 3.8 trillion yuan (US$535 billion) of cross-border trade was carried out in the region in 2021, according to the report.

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Source: Cryptocurrency - investing.com

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Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area

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