Hong Kong: Announced HKMA Project Ensemble to Support Tokenisation Market
Description
Announced HKMA Project Ensemble to Support Tokenisation Market
On 7 March 2024, the Hong Kong Monetary Authority (HKMA) announced the commencement of Project Ensemble, a wholesale central bank digital currency (wCBDC) project aimed at supporting the development of the tokenisation market in Hong Kong. The proje…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank