HKEX, HSBC back ‘mBridge’ digital currency project involving central banks of Hong Kong, China, Thailand and UAE

Source: Tech – South China Morning PostHong Kong’s financial community has given its backing to a sovereign digital currency project being tested by the central banks of Hong Kong and China, saying they are ready to test cross-border financial payments using the blockchain.“mBridge” – a digital currency platform being developed by the central banks of Hong Kong, China, Thailand and the United Arab Emirates – could help conduct all foreign exchange transactions in real time and reduce costs, senior finance executives said at the…Read More

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