The Hong Kong Monetary Authority revealed yesterday it has begun work on a joint initiative with the Hong Kong Applied Science and Technology Research Institute to enhance its competitiveness in technology, reports CoinDesk.com.
As part of the joint effort, HKMA, Hong Kong's de-facto central bank, intends to launch an innovation hub that will test blockchain and distributed ledger solutions.
Yet another indication that governments are co-opting the e-currency sector that was once thought of as an arena by which transactions could be kept away from the prying eyes of governments.
-RW
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