Can e-HKD Replace other e-payment systems?

[Zhan Kang Stephen Wu]

Do you think e-HKD can replace other e-payment systems? What are their differences and what makes e-HKD special?

[Yiqi Gong]

One of the factors that may affect the process is regulation. The support and endorsement of the government can greatly influence the adoption and acceptance of e-HKD. A favorable regulatory framework can provide a level playing field for e-HKD and help establish trust among users.

[Janyaporn Kengtrong]

e-HKD is still in the early stages of development, and its adoption and acceptance by businesses and the public will play a crucial role in its success.

[Zhan Kang Stephen Wu]

In response to some of the responses here, I do think regulation plays a crucial role, but at the same time the concept of regulation may very well go against the idea of decentralisation of virtual assets, cryptocurrency and their characteristics. It’s important for the government, public and market to figure out where and how we should strike a balance between autonomy and the importance of regulating.