Home Cryptocurrency Standard Chartered, Animoca, Three Others Join HKMA’s Stablecoin Sandbox as Participants

Standard Chartered, Animoca, Three Others Join HKMA’s Stablecoin Sandbox as Participants

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“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.

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