PANews July 18 news, according to the announcement of the Hong Kong Monetary Authority (HKMA), today announced the list of participants in the "Sandbox" for stablecoin issuers, including JD CoinChain Technology (Hong Kong) Co., Ltd., Yuanbi Innovation Technology Co., Ltd., Standard Chartered Bank (Hong Kong) Co., Ltd., Anmi Group Limited and Hong Kong Telecom Limited. These institutions have demonstrated their true intention and reasonable plans to develop stablecoin issuance business in Hong Kong, and will operate within restrictions and with controllable risks. The "Sandbox" launched by the HKMA in March 2024 aims to promote the sustainable and responsible development of the stablecoin ecosystem in Hong Kong. Participants will not use public funds in the initial stage, nor will they raise funds or provide related products to the public in the name of the "Sandbox". The HKMA will continue to handle inquiries and applications from "Sandbox" participants and announce new participants in due course.