As Hong Kong joins others in exploring the use of a digital currency, there are more issues to consider than just technological and regulatory ones. Photo: Shutterstock As Hong Kong joins others in exploring the use of a digital currency, there are more issues to consider than just technological and regulatory ones. Photo: Shutterstock
As Hong Kong joins others in exploring the use of a digital currency, there are more issues to consider than just technological and regulatory ones. Photo: Shutterstock
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Could a digital Hong Kong dollar undermine the local banking sector? HKMA must take note

  • The HKMA’s feasibility study must think through the impact of options for e-HKD issuance: will commercial banks take on the role, as they do now for physical banknotes, or will the Monetary Authority issue the digital currency itself?

As Hong Kong joins others in exploring the use of a digital currency, there are more issues to consider than just technological and regulatory ones. Photo: Shutterstock As Hong Kong joins others in exploring the use of a digital currency, there are more issues to consider than just technological and regulatory ones. Photo: Shutterstock
As Hong Kong joins others in exploring the use of a digital currency, there are more issues to consider than just technological and regulatory ones. Photo: Shutterstock
READ FULL ARTICLE
Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.