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

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

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

As 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…

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By | 2021-09-18T04:00:20+00:00 September 18th, 2021|Business|Comments Off on Beijing’s sovereign digital currency push to boost Hong Kong’s fintech start-ups