Hong Kong's Central Bank Selects ConsenSys for CBDC Project
Main page News, Fintech, Blockchain, CBDC

The Hong Kong Monetary Authority (HKMA) has chosen ConsenSys for a central bank digital currency (CBDC) payment network project.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

According to an official press release, ConsenSys will work on the second implementation phase of Project Inthanon-LionRock, signed between the HKMA and the Bank of Thailand (BOT) in May 2019. The blockchain-focused company will reportedly collaborate on the project with PricewaterhouseCoopers and Forms HK.

"Using its enterprise Ethereum stack, ConsenSys will test solutions that prioritize scalability, security, and interoperability," ConsenSys said.

In August 2020, Hong Kong’s Securities and Futures Commission (SFC) issued a license to crypto firm OSL Digital Securities, a unit of Fidelity-backed BC group, to offer digital assets services.

Hong Kong Police Crackdown on Unsanctioned Use of Bitcoin ATMs

OSL became the first firm to receive an approval from the SFC to operate a brokerage and automated trading service for digital assets, including security tokens in Hong Kong under new rules.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error