“During the assessment process, these institutions were able to demonstrate genuine interest in developing a stablecoin issuance business in Hong Kong with a reasonable business plan, and that their proposed operations under the sandbox arrangement would be conducted within a limited scope and in a risk-controllable manner,” the announcement said.
sekar nallalu Animoca Brands,Cryptocurrency,HKMA,Hong Kong,Hong Kong Monetary Authority,News,Policy,Regulations,stablecoins,Standard Chartered Bank Standard Chartered, Animoca, and Three Others Join HKMA’s Stablecoin Sandbox as Participants
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