The Hong Kong Monetary Authority (HKMA) has announced the participants of its stablecoin sandbox, allowing them to start experiments with issuing digital currencies backed by fiat currencies. In an announcement on Thursday, HKMA listed JD.com’s subsidiary JINGDONG Coinlink Technology Hong Kong, RD InnoTech, and a collaboration involving Standard Chartered Bank (Hong Kong), Animoca Brands, and Hong Kong Telecommunications among the sandbox participants. This initiative aims to explore and enhance the implementation of stablecoins within a regulated environment.
Disclaimer
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
