The Sandbox

<ul>
 <li>The HKMA has released the list of eligible participants in the stablecoin issuer sandbox.</li>
 <li>Animoca Brands joins forces with Standard Chartered and HKT to participate in the sandbox.</li>
 <li>The three corporates will utilize the institutional digital asset custody capabilities of Zodia Custody.</li>
</ul>
Animoca Brands, a Hong Kong-based venture capital company, has recently announced its participation in the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox. In a recent<a href="https://x.com/animocabrands/status/1813894291108094092" rel="noopener noreferrer nofollow"> X post</a>, Animoca Brands expressed its enthusiasm for joining forces with industrial giants Standard Chartered Bank (Hong Kong) and HKT to participate in the sandbox.
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe27WzVMCtE-QhkXKAQtV5Uo1GmGFY9Bod8VQNNgDvAPuIH1WIuC9O9CCxBZieKl8YGXnXicVzHu6Vcv33mgRLBDRSnxGjTA1LEx7W75whKlDein1HQ26J7Xr8VN72Pv-5iVvoGpFlxfWJXarsUHLTWsXo?key=hc2-wYTOiD8b5lX-6MXP2Q">
HKMA’s Sandbox
On March 12, 2024, the HKMA <a href="https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/03/20240312-4/" rel="noopener noreferrer nofollow">launched</a> a regulatory sandbox to implement the regulatory regime for stablecoin issuers. As part of the program, the HKMA invited applications from genuine candidates interested in developing a stablecoin issuance business in Hong Kong. Acting as an effective channel between the HKMA and the industry, the sandbox focuses on promoting “the sustainable and responsible development of the stablecoin issuance business.”
<a href="https://cryptotale.org/animoca-brands-standard-chartered-hkt-to-participate-in-hkmas-sandbox/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>
Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Insta</a>

Animoca Brands, Standard Chartered & HKT To Participate in HKMA’s Sandbox

CryptoTale

Other articles published on Jul 19, 2024

Join our free newsletter for daily crypto updates!