On June 27, the Hong Kong Monetary Authority (HKMA) and the Banque de France announced the commencement of collaboration on wholesale central bank digital currency (wCBDC) initiatives, aimed at advancing cross-border payments and tokenized market innovations. This partnership signifies a significant step forward for the financial institutions of both countries in the fintech sector.
Hong Kong Monetary Authority partners with Banque de France to explore crossborder cooperation on central bank digital currencies