Tag: HKMA
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HKMA reveals a wholesale central bank digital currency project
The Hong Kong Monetary Authority (HKMA) has announced plans to develop a wholesale central bank digital currency (CBDC). This project is part of Hong Kong’s ongoing efforts to explore the benefits and risks of a digital currency issued by a central bank. The HKMA aims to collaborate with the banking sector and other stakeholders to…
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HKMA to launch its IADS platform
The Hong Kong Monetary Authority (HKMA) has announced the upcoming launch of its Innovative Digital Acceleration for Supervision (IADS) platform, aiming to revolutionize regulatory oversight in the financial sector. The IADS platform will be a pioneering solution that harnesses the power of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Big Data…