🛩️ Hong Kong paves the way for the release of #stabecoin
👉🏻 The Hong Kong Monetary Authority (HKMA) has just allowed institutions to test the issuance of stablecoins through a pilot program called "sandbox".
👉🏻 Finance Minister Paul Chan said #sandbox will enable organizations interested in issuing stablecoins to test the issuance process, business model, investor protection and risk management system of stablecoins.
👀 Cryptocurrency investors are waiting to see the next steps of the HKMA in implementing this sandbox and how it will affect both the industry and the economy #HongKong
