Monday will see the Hong Kong Monetary Authority. PublishedAn official whitepaper exploring the potential for a central bank digital currency that is retail-oriented (CBDC), and the digital Hong Kong dollars (e-HKD).

According to the document, the HKMA will seek to understand the “potential architectures and design options” from a technical and regulatory policy perspective, with the ambition of creating a dual-tier system — the first being designed for a “central bank to issue and redeem CBDC,” and the second being retail-centric for “commercial banks to distribute and circulate either rCBDC or CBDC-backed e-money.”