The Hong Kong Monetary Authority (HKMA), with analytical support from Deloitte, has released its e-HKD Pilot Programme Phase 2 Report, offering a look into how central bank digital currencies (CBDCs) and other digital money forms could reshape the city’s financial ecosystem. The report shows a pivotal transition — from physical cash to digital money powered by distributed ledger technology (DLT) — and outlines how Hong Kong is positioning itself as a global leader in digital finance, tokenisation, and nex ...