Hong Kong Regulator Names Stablecoin Issuer Sandbox Participants
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Hong Kong’s HKMA has named its stablecoin trial participants. The participants will carry out trials in a sandbox “with effect from today.” The development follows public consultations on stablecoin regulation. The Hong Kong Monetary Authority (HKMA) has announced the first batch of institutions admitted to its stablecoin issuer sandbox “with effect from today.” This development follows HKMA’s joint statement with the Financial Services and the Treasury Bureau on Wednesday, which highlighted a resolution to introduce a bill for regulating stablecoins into the Legislative Council “as soon as possible.” Hong Kong Stablecoin Trial Participants According to a statement dated July
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