It’s not often that regulators tease a new financial services development like it’s the next twist in a superhero movie.
And it’s perhaps even rarer for a senior political figure’s comments to cause fintech observers to work themselves into a fever pitch of enthusiasm. Monday is set to mark a big week for tech and for fintech around the world, as the global Web Summit conference kicks off in Lisbon and Hong Kong Fintech Week gets underway. Against this backdrop, senior officials in China and the Hong Kong Monetary Authority are foreshadowing a significant development for digital assets in the region…
Speculation abounds that it is soon time for the People’s Bank of China (PBoC) to officially launch its long-rumoured central bank digital currency. That would indeed be a significant development, whatever shape it ultimately takes (rumours speak of everything from an efficiency-boosting tool for interbank settlement at the PBoC, to a paradigm-shifting move to replace cash and internationalise the RMB) – but it is far from certain that this will happen any time soon.
What is certain is that we’ll be at Hong Kong Fintech Week keeping you up to speed on any fintech regulatory developments. Stay tuned for these developments and highlights from the Web Summit on Freshfields Digital...
