Hong Kong Monetary Authority: Will establish a comprehensive digital currency framework to promote the complementary coexistence of digital Hong Kong dollar, tokenized deposits, and stablecoins.

ChainCatcher news, Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue published an article in "Insight" titled "Building Bridges for Hong Kong's Digital Economy," announcing the release of the next phase of the fintech development blueprint to ensure Hong Kong remains at the forefront of fintech innovation.

The HKMA will explore Central Bank Digital Currency (CBDC) and build next-generation data infrastructure, further researching tokenization to improve the financial system. In addition, Hong Kong will establish a comprehensive digital currency framework to promote the complementary coexistence of various forms of tokenized currencies, such as the digital Hong Kong dollar, tokenized deposits, and regulated stablecoins.