Hong Kong Selects Three for Stablecoin Issuers Sandbox,China's top e-commerce company is one of them
Hong Kong’s HKMA has chosen three parties for its stablecoin issuer sandbox: a Chinese e-commerce-linked company, a local fintech, and a coalition involving Standard Chartered, Animoca Brands, and Hong Kong Telecommunications. They will test their plans and engage with regulators under the new proposed stablecoin regulations.