Hong Kong Monetary Authority wants ConsenSys to Develop Technology for CBDC
Weekly Newsletter Sep.28
ConsenSys is going to work the second stage of on Hong Kong Monetary Authority’s ‘Project Inthanon-LionRock,’ which involves designing a proof-of-concept for CBDC’s.
HKMA started the project in 2019 with the Bank of Thailand to study CBDC’s for cross border payments. The firm plans to use their Ethereum stack as they believe that Ethereum is the most production ready blockchain to support a CBDC