In a recent study, hong kong foundation suggested that, in cross-border wholesale use cases, hong kong should seek to turn itself into a center for regional or global central bank digital currencies, as advocated by the world bank. the e-hkd may be linked to other cbdcs as part of the ‘multiple central bank digital currency bridge’ project, which is currently under development. countries with relatively advanced wholesale cbdc growth that have strong economic connections with hong kong, such as japan, singapore, and switzerland, should be encouraged to become participants in the m-cbdc bridge initiative.

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