HKMA commences Phase 2 of e-HKD pilot programme (HKMA)
The Hong Kong Monetary Authority (HKMA) commenced Phase 2 of the e-HKD pilot programme to delve deeper into innovative use cases and commercial feasibility for new forms of digital money, including e-HKD and tokenized deposits, that can potentially be used by individuals and corporates, within a real-world setting. Eleven groups of firms will test the settlement of tokenized assets, programmability and offline payments. [Read more at the HKMA]
Malaysian scaled down its retail CBDC project (BNM)
In a June 11, 2024 speech, Bank Negara Malaysia (BNM) Deputy Governor Jessica Chew announced the scaling down of its retail CBDC project. “Given the highly efficient domestic retail payment systems operating today,” the central bank is prioritizing enhancing the cross-border interoperability of fast payment systems, plus wholesale CBDC work. (Many thanks to the BNM’s Doulos Lee for bringing this to my attention!) [Read more at the BNM]
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- Digital Euro Conference 2025, Frankfurt, March 27, 2025. The DEC25 conference will explore the future of money with a focus on CBDCs, stablecoins, tokenized deposits, and the intersection of AI and digital ID. Order your tickets before September 30 and get a 34% discount plus an additional 20% off by using the Kiffmeister20 code! [Find out more and register here]
And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.
