Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox
Submitted by Anonymous (not verified) on Thu, 03/14/2024 - 10:50
On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into the sandbox does not imply endorsement or support for […]