Hong Kong Monetary Authority: It is necessary to start paving the way for the possible implementation of retail CBDC in the future.

BlockBeats news, on June 9th, the Hong Kong Monetary Authority (HKMA) released a report stating that based on HKMA's research and feedback from "two rounds of market consultation", HKMA is convinced that it is "necessary to at least start paving the way for the possible implementation of retail CBDCs in the future". Although e-HKD does not seem to have an imminent role in the current retail payment market, HKMA believes that the potential use cases of e-HKD will rapidly emerge in the fast-growing digital economy, putting HKMA in a favorable position to respond to emerging market demands.