Beijing’s sovereign digital currency push to boost Hong Kong’s fintech start-ups

Source: Tech – South China Morning PostAs Beijing pushes ahead with a sovereign digital currency and a national blockchain network, Hong Kong’s fintech community is using the city’s role as a bridge between mainland China and the rest of the world to seize opportunities for innovation.China has been at the forefront globally in the development of a central bank digital currency, with 70.75 million retail transactions worth 34.5 billion yuan (US$5.3 billion) having been completed in a pilot trial as of the end of June this year. The…Read More

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