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InvestHK, HKMA invite applicants for digital currency ecosystem

InvestHK and the Hong Kong Monetary Authority are seeking suggestions from banks, financial technology, and other tech firms to help in the development of a central bank digital currency (CBDC) ecosystem. The suggestions should focus on solutions in eight focus areas, including retail CBDC adoption, wholesale adoption, programmable money, privacy, and cybersecurity. All qualified candidates will have opportunities to work with the HKMA on research projects and pilot programmes to foster the growth of the CBDC ecosystem. Nelson Chow Man-ching, the HKMA's chief fintech officer, said digital currency exploration has been high on the agendas of central banks around the world and has gained more traction in recent years.


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