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Looking to harness this potential, the Hong Kong Monetary Authority (HKMA) launched ‘Project Ensemble’ in March earlier this year, a wholesale centralbank digital currency (wCBDC) project, to support the development of the tokenisation market in the region.
In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the centralbank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. Digital Dollars, Too? .
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