The central bank of Hong Kong, the Hong Kong Monetary Authority (HKMA), is conducting research regarding a possible launch of a central bank digital currency (CBDC), local news outlet EJ Insight reports.
It is expected that the financial institution will reveal a report by the first quarter of next year.
According to EJ Insight, the HKMA has also signed a blockchain partnership with a subsidiary of the Institute of Digital Currency of the People’s Bank of China.
Earlier iHodl reported that China's National Development and Reform Commission released a new version of its "Industrial Structure Adjustment Guidance Catalog", which lists the industries to be developed, limited or eliminated. One of the main surprises of the new version of the document is that crypto mining has not been included in it.
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