The FSDC brought the issue of Central Bank Digital Currency (CBDC) to the international spotlight. We hosted a virtual panel session at the Asian Financial Forum (AFF) on "The Evolving Central Bank Digital Currency Landscape” on 18 January. Speakers discussed CBDC’s potential applications and the related global trends, the challenges of rolling out cross-border CBDC projects and how Hong Kong’s FinTech ecosystem can support digital currency developments, and re-affirmed the need of joint efforts by the Government and private sectors in driving such developments further.
The FSDC also moderated the “Meetup with Hong Kong Regulators” session, joined by representatives from The Insurance Authority, The Securities and Futures Commission, The Hong Kong Monetary Authority and The Mandatory Provident Fund Schemes Authority. They shared how technology affects the role of the regulators and how industry players are coping with risks arising from technology adoption such as cybersecurity and data privacy.
Log in to the AFF portal for the replay of the sessions.