Hong Kong is set to start another trial with retail e-HKD, this time for pricing and distributing mortgages.
The Hong Kong Monetary Authority (HKMA) is gearing up to initiate another round of testing of its digital currency dubbed e-HKD, the South China Morning Post reports. This time, HKMA reportedly wants to pilot e-HKD with select participants in such mechanisms as pricing and distribution of mortgages in the region.
The report says, citing HKMA, that with e-HKD, Hong Kong residents could potentially borrow from more than one lender at preferential rates and enjoy faster approval and disbursement. It’s unclear though whether the region will set up a new regulatory body to oversee any activity related to mortgages and lending practices involving e-HKD.
