According to Foresight News, the Hong Kong Monetary Authority announced the list of participants in the stablecoin issuer sandbox. Participating institutions include JD CoinChain Technology (Hong Kong) Co., Ltd., Yuanbi Innovation Technology Co., Ltd., Standard Chartered Bank (Hong Kong) Limited, Anmi Group Limited, and Hong Kong Telecommunications (HKT) Limited.
These institutions have demonstrated their genuine intention and reasonable plans to develop stablecoin issuance business in Hong Kong, and will carry out the proposed operations with controllable risks under the sandbox.
