INSUBCONTINENT EXCLUSIVE:
between permissioned and permissionless blockchains, as well as settlements using different types of digital assets.The partnership is part
According to a report from payments company Visa, the initiative will involve a hypothetical Australian investor who wishes to purchase a
tokenized asset in Hong Kong
cross-border transaction between an Australian stablecoin and a Hong Kong CBDC
According to the company, CCIP is live on dozens of blockchains, including Ethereum Virtual Machine-compatible and Solana Virtual
Machine-compatible blockchains
In the case of the Hong Kong study, the Ethereum testnet Sepolia will be used.The key partners for the study are Visa, as a technology
provider, Australia and New Zealand Banking Group (ANZ), and asset managers ChinaAMC and Fidelity International
The study is one of many that the Hong Kong government is commissioning to explore use cases for a possible CBDC.Exchange between Australian
stablecoin and tokenized deposits in Hong Kong CBDC
Source: VisaThis study focuses on examining the interplay between permissioned and permissionless blockchains
Permissioned blockchains are valued for their privacy and controlled environments, which make it easier to enforce compliance and verify
Permissionless blockchains, by contrast, offer broad decentralization and open participation, giving them a strong distribution effect.The
Hong Kong Monetary Authority (HKMA) started Phase Two of the Hong Kong CBDC program on Sept
During this phase, 11 groups of companies will explore use cases for the CBDC, called e-HKD
The findings from these studies are expected to be published by the end of 2025.Related: What is a CBDC? Why central banks want to get into
digital currenciesAccording to a February 2025 survey, only 18% of central banks around the world are inclined to issue a central bank
digital currency, compared to 38% in 2022, indicating that interest in CBDCs may be cooling.Still, some countries and economic blocs are
pressing on with their CBDC plans
In March, Israel released a preliminary design for a digital shekel
In February, the European Union ramped up efforts for CBDC platform development.Magazine: Asia Express: India mulls new crypto ban to
support CBDC, Lazarus Group strikes again
