Brazil: Announced HKMA and BCB collaboration enabling cross-border tokenisation experiments under ensemble sandbox and the Drex pilot platform
Description
Announced HKMA and BCB collaboration enabling cross-border tokenisation experiments under ensemble sandbox and the Drex pilot platform
On 28 October 2024, the Hong Kong Monetary Authority (HKMA) announced a partnership with the Central Bank of Brazil (BCB) to advance cross-border tokenisation initiatives. The collaboration links HKMA's Ensemble Sandbox with BCB's Drex pilot platfor…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
bi- or plurilateral agreement
Government Branch
executive
Government Body
central bank