The Hong Kong Monetary Authority (HKMA) Initiates Collaboration with Ensemble Project Sandbox for Central Bank Digital Currency (CBDC) Interoperability

Quick Summary:

The Hong Kong Monetary Authority (HKMA) has taken a proactive step towards fostering interoperability within the central bank digital currency (wCBDC) ecosystem through the establishment of the Ensemble Project Framework Working Group.

Through this endeavor, the HKMA seeks to enhance the efficiency and effectiveness of interbank transactions and settlement processes, ultimately contributing to the evolution of Hong Kong’s financial ecosystem.

Additionally, the Working Group will contribute to the design and implementation of the Ensemble project sandbox, scheduled for launch in the middle of the year.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Crypto

Markets: IndiaChinaHong Kong

Topics: 24/7 Cryptocurrency News Hong Kong CBDC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-07 @ 19:28:02 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 20905541

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 12 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions