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Hong Kong Monetary Authority: Currently, stablecoin issuer sandbox participants are not allowed to raise funds from the public, and violations will result in disqualification
On July 19, Chen Weimin, vice president of the Hong Kong Monetary Authority, wrote in Huisi that the main application scenarios proposed by the first three institutions participating in the "sandbox" of stablecoin issuers include payment, supply chain management and capital markets use cases. In addition to the above application scenarios, the "sandbox" participating institutions also proposed other use cases, including Web3, gaming and virtual asset trading. Chen Weimin watch...
2024-07-19 02:54:37
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