BlockBeats News, June 18th - The Hong Kong Exchanges and Clearing Limited (Hong Kong Exchanges) and the Hong Kong Monetary Authority (HKMA) today (June 18th) announced the launch of a joint pilot project to explore a new digital payment solution for trading in the derivatives market after the close of trading. This pilot project aims to optimize the Hong Kong capital market and meet the growing demand for after-hours trading.
The Hong Kong Exchanges and the HKMA are exploring the introduction of the "Digital Hong Kong Dollar" - a wholesale central bank digital currency (CBDC) operating on a 24/7 basis - for making collateral payments during the post-trade hours, enhancing the risk management capabilities of the derivatives market outside of banking hours while keeping the existing operational processes intact. (Jinse)
Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
- CoinsPrice24H Change