Regulation
Neutral
Hong Kong Monetary Authority Plans wCBDC for Interbank Settlement by Year-End
The Hong Kong Monetary Authority (HKMA) has announced plans to introduce a wholesale central bank digital currency (wCBDC) for interbank settlements by the end of 2023, according to Letail Insights. The wCBDC aims to support 24-hour settlement of tokenized deposit transactions as part of Project Abacus TX.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: 홍콩금융관리국, 연내 wCBDC 도입…토큰화 국채 결제 지원