Joint Exploration of CrossBorder Cooperation on Central Bank Digital Currency between the Hong Kong Monetary Authority and the Bank of France
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Joint Exploration of CrossBorder Cooperation on Central Bank Digital Currency between the Hong Kong Monetary Authority and the Bank of France

On June 27, the Hong Kong Monetary Authority (HKMA) and the Bank of France announced the commencement of cooperation on wholesale Central Bank Digital Currency (wCBDC), aiming to promote cross-border payments and tokenized market innovation. This collaboration signifies a significant step for the two financial institutions in the field of financial technology.

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