Hong Kong Monetary Authority Partners With Bank of Israel to Pilot CBDC

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The Hong Kong Monetary Authority (HKMA), the Bank of Israel (BOI), and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre have joined forces to experiment with a central bank digital currency (CBDC). Known as Project Sela, this initiative aims to develop a CBDC (rCBDC) ecosystem that is efficient, accessible, and secure while

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