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

Altszn.com by Altszn.com
July 18, 2024
in Blockchain, Crypto, DeFi, Web3
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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.



Read More: www.coindesk.com

Tags: AnimocaCharteredDeFiHKMAsjoinparticipantsSandboxstablecoinStandard
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