Jindong Coinlink Technology, RD InnoTech, Standard Chartered Bank, Animoca Brands, and Hong Kong Telecommunications are the first five participants
Hong Kong has unveiled the initial participants in its stablecoin sandbox initiative. The Hong Kong Monetary Authority has emphasized that these participants cannot solicit public funding. This move aligns with Hong Kong's ambition to become a leading cryptocurrency hub.
The country's largest virtual bank has already signed deals with stablecoin issuers and is in talks with ten others