• Written by: Crypto Breaking News
• Sat, 09 Mar 2024
•   United Kingdom

The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is “sufficient interest” in the project, the Hong Kong Monetary Authority (HKMA) will conduct a live issuance of the WCBDC in the future. [...]The post Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative appeared first on Crypto Breaking News.

Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative

The government of Hong Kong has announced Project Ensemble, an initiative that will test the functionality of a wholesale central bank digital currency (WCBDC) and the movement of tokenized deposits. If there is sufficient interest in the project, the Hong Kong Monetary Authority (HKMA) will conduct a live issuance of the WCBDC in the future. [] Source: Bitcoin.com

The post Hong Kong Launches Project Ensemble, a Wholesale CBDC and Tokenized Deposits Initiative appeared first on Crypto Breaking News.