Source: Tech – South China Morning PostChina’s central bank could use Hong Kong as a sandbox for testing digital payment alternatives to internationalise the yuan, but Beijing’s digital currency ambitions face hurdles because of the country’s economic challenges, according to Morgan Stanley.
Hong Kong has established the world’s first regulatory regime for stablecoins – digital tokens that are pegged to a reference asset like a fiat currency – with the law taking effect from August 1.
The move positioned Hong Kong as a launch pad for…Read More