Hong Kong may Launch Electronic Money in Cooperation with the Bank of Thailand

[ChainDD report] May 21 (ChianDD) According to FINET.HK, the Hong Kong Monetary and Financial Research Center published the first applied financial research report entitled "Hong Kong Banking Financial Technology Adoption and Innovation".

When answering questions at the press conference, a relevant person from HKMA stated that Hong Kong already has electronic wallets and traditional electronic payment tools at the retail level to meet the needs of the public.

When it comes to launching digital currencies at the retail level by Hong Kong Monetary Authority and the Bank of Thailand, the relevant person said that Hong Kong market is relatively limited and may not be appropriate for digital currencies.

Instead, in cross-border remittances, Hong Kong can launch electronic money in cooperation with the Bank of Thailand to make commercial institutions more convenient.

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