Companies Dive into Hong Kong Monetary Authority's Stablecoin Sandbox Program
Thursday, 18 July 2024, 12:11
Participation in HKMA's Stablecoin Sandbox
Standard Chartered, Animoca, and three other companies have been chosen to join HKMA's stablecoin sandbox program.
Regulatory Progress in Hong Kong
Hong Kong's central bank is set to introduce a bill on fiat-referenced stablecoins to the Legislative Council in the near future.
Industry Collaboration and Innovation
This development highlights the increasing collaboration between financial entities and regulatory bodies in exploring stablecoin applications.
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