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<ul><li>Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarter</li><li>The e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizens</li><li>Issuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public</li></ul>

Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarterThe e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizensIssuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public

Hong Kong to Start Trial of E-HKD in Fourth Quarter