Hong Kong expands its pilot program for the blockchain-based digital yuan. The initiative, led by the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC), aims to enhance the scope of e-CNY usage. HKMA CEO Eddie Yue announced that the e-CNY could be used for a wide range of services, including international payments, using just a phone number. Explore the expanded pilot program of the digital yuan in Hong Kong and its implications for the future of international transactions.
