Hong Kong sandbox to explore stablecoin payment suitability

Regulators in the city are betting on fiat-referenced stablecoins to become the next trailblazer in domestic and cross-border payments.

By Ryan Li

Jul 24, 2024

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Following publishing the consultation conclusions on a proposed licensing regime for stablecoin issuers in Hong Kong, the Hong Kong Monetary Authority (HKMA) announced late last week a first batch of participants of a stablecoin issuer sandbox.

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