Golden Finance reported that the Hong Kong Monetary Authority announced the list of participants in the stablecoin issuer sandbox on July 18. The following institutions will participate in the sandbox, effective today: JD CoinChain Technology (Hong Kong) Co., Ltd., Yuanbi Innovation Technology Co., Ltd., Standard Chartered Bank (Hong Kong) Limited, Anni Group Limited, and Hong Kong Telecommunications (HKT) Limited. These institutions can demonstrate their true intention and reasonable plans to develop stablecoin issuance business in Hong Kong during the evaluation process, and that the proposed operations under the sandbox will be carried out within restrictions and with controllable risks.