The Hong Kong Monetary Authority and the Hong Kong University of Science and Technology announced on November 2 a post-quantum cryptography assessment toolkit for banks. It is designed to help institutions identify cryptographic systems that may need upgrading as quantum capabilities develop. The initiative does not mean that quantum computers have already broken banking or cryptocurrency encryption. The monetary authority aims to improve sector readiness by 2030, including through migration road maps and testing of post-quantum authentication with core systems.
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