Hong Kong: Adopted Hong Kong-Thailand declaration on cross-border tokenisation
Description
Adopted Hong Kong-Thailand declaration on cross-border tokenisation
On 28 October 2024, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) announced their collaboration on exploring cross-border tokenisation use cases, including Payment versus Payment (PvP) and Delivery versus Payment (DvP) scena…
Scope
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), infrastructure provider: cloud computing, storage and databases
Implementation Level
bi- or plurilateral agreement
Government Branch
executive
Government Body
central bank