Hong Kong Chief Executive Carrie Lam (L) and Thai Deputy Prime Minister Somkid Jatusripitak after signing a memorandum of understanding (MOU) during a ceremony at the Government House in Bangkok, Thailand. Photo: EPA-EFE

Hong Kong, Thailand to roll out two-tier tokens in digital currency prototype to speed up cross-border trade settlement

  • Under a two-tier issuing system, the Hong Kong Monetary Authority will work with banks as the issuer and distributor of its digital currency
  • Hong Kong and Thai central banks are exploring blockchain-backed digital currencies to facilitate quicker payment in bilateral trade, at US$19.6 billion in 2018
Topic |   Digital currencies

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Hong Kong Chief Executive Carrie Lam (L) and Thai Deputy Prime Minister Somkid Jatusripitak after signing a memorandum of understanding (MOU) during a ceremony at the Government House in Bangkok, Thailand. Photo: EPA-EFE
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