Hong Kong accelerates the development of digital renminbi; the central bank and the Hong Kong Monetary Authority discuss upgrades to digital currency wallets

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Golden Finance reports that on March 25, Hong Kong Financial Secretary Paul Chan responded to a question from a legislator, stating that the central bank and the Hong Kong Monetary Authority are exploring arrangements and feasibility for upgrading digital currency wallets to increase usage limits, expand application scenarios, and improve user experience. As policy and technical details still require in-depth discussion, specific plans and timelines are yet to be finalized. Paul Chan also disclosed the latest development data on Hong Kong’s digital renminbi, indicating that the local digital renminbi rollout has achieved rapid progress, with significant increases in wallet openings and merchant acceptance scale. Hong Kong’s digital payment era has officially entered the fast lane. (Yicai)

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