Hong Kong digital yuan pilot lacks P2P capabilities

Publikováno: 17.5.2024

#Digital Yuan #e-CNY pilot #Central Bank Digital Currency #CBDC #Banks #Hong Kong #China #Peoples Bank of China #Yuan

While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.