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Hong Kong Monetary Authority: Preparation Work for Retail Use of Digital Hong Kong Dollar to Be Completed in the First Half of Next Year
BlockBeats News, October 29, the Hong Kong Monetary Authority (HKMA) released the Phase 2 report of the "e-Hong Kong Dollar" pilot scheme, introducing the trial results and experience. The HKMA stated that it will continue to advance preliminary work in policy, legal, and technical aspects to prepare Hong Kong for the potential future extension of the "e-Hong Kong Dollar" for individual and corporate use. The related preparatory work is expected to be completed in the first half of 2026, and the timing for expanding the "e-Hong Kong Dollar" will be adjusted based on international developments, the latest technological advancements, and market demand. The report revealed that the 11 sets of trials in Phase 2 cover 3 major thematic innovation use cases, including tokenized asset settlement, programmability, and offline payments.
The HKMA stated that the current demand for the "e-Hong Kong Dollar" is primarily outside the retail scenario, so the future focus will be on developing the "e-Hong Kong Dollar" for wholesale use, promoting financial institutions to use the "e-Hong Kong Dollar" for payments. Some financial institutions have already used the "e-Hong Kong Dollar" in certain use cases to support the development of the tokenized ecosystem and cross-border payment scenarios, such as international trade settlement. The HKMA will announce a set of common tokenization standards to promote the widespread programmability of digital currency. These standards are designed to lay the foundation for the future development and application of the "e-Hong Kong Dollar" to meet the payment needs of individuals and businesses in Hong Kong. (ChainNews)
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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