Hong Kong's Central Bank to Test Blockchain

Hong Kong's Central Bank to Test Blockchain

Hong Kong's de-facto central bank intends to launch an innovation hub that will test blockchain and distributed ledger solutions. The Hong Kong Monetary Authority (HKMA) revealed yesterday it has begun work on the initiative with the Hong Kong Applied Science and Technology Research Institute (ASTRI), an initiative founded by the government to enhance its competitiveness in technology. In statements, the HKMA said it sees the innovation hub as playing a role as a "neutral ground" for the testing of financial technology prior to its eventual release. The announcement coincided....


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