HKMA and Brazil Central Bank Partner on Cross-Border Tokenization

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HKMA and Brazil Central Bank Partner on Cross-Border Tokenization In a landmark collaboration, the Hong Kong Monetary Authority (HKMA) and Brazil’s Central Bank (BCB) have joined forces to explore cross-border tokenization.

This initiative not only benefits the participating nations but also sets a precedent for other central banks and financial institutions to adopt innovative blockchain solutions.

Project Ensemble is HKMA’s flagship blockchain initiative designed to modernize financial transactions within Hong Kong and across borders.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaBrazilHong Kong

Topics: HKMA Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 08:00:03 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1008 words

Reading Time: 6 minutes read

Sentences: 51 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23322531

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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