---
title: "Hong Kong digital yuan pilot lacks P2P capabilities"
url: https://diffcoin.com/hong-kong-digital-yuan-pilot-lacks-p2p-capabilities/
description: "While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions…"
published: 2024-05-17
updated: 2024-05-17
author: "Mila"
site: "Diffcoin"
---

# Hong Kong digital yuan pilot lacks P2P capabilities

While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.

[Source link](https://cointelegraph.com/news/hong-kong-digital-yuan-pilot-p2p-transactions)