Reply To: What do you guys think about the CBDC future in Hong Kong?

[Zhan Kang Stephen Wu]

The future of Central Bank Digital Currency (CBDC) in Hong Kong remains uncertain, and a conservative viewpoint suggests that its implementation may face challenges and barriers. While Hong Kong has shown interest in exploring CBDCs and has conducted research and pilot projects, the adoption of a fully functional CBDC requires careful consideration of various factors such as regulatory frameworks, technological infrastructure, security, privacy, and public trust. The conservative approach acknowledges the need for thorough evaluation and cautious steps to ensure the stability and integrity of the financial system before envisioning widespread implementation of CBDCs in Hong Kong.