The Hong Kong Monetary Authority (HKMA) has established an expert group of academics for central bank digital currency (CBDC) research. The 12 members come from several local university faculties, including business, computer science, economics, finance, and law. They will play a key role in supporting the HKMA’s exploration of policy and technical issues surrounding its eHKD digital currency.
The group has already commenced work on two research papers. The first paper examines privacy-enhancing technologies, and the second discusses the potential for interoperability (compatibility across blockchain networks).
Previous CBDC research already highlighted the potential for privacy-enhancing technologies (PETs) that enable the selective disclosure of information. This could facilitate transaction traceability and account verification without compromising the privacy of individuals.
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