Entrance into the sandbox is subject to meeting stringent criteria set forth by the HKMA, with a strong emphasis on transparency to promote trust and accountability among all stakeholders. The HKMA views the sandbox as a platform for open dialogue and collaboration, aiming to strike a balance between fostering innovation and effectively managing the risks associated with stablecoin issuance. Through this initiative, the HKMA seeks to cultivate an environment conducive to responsible innovation in the stablecoin sector, ultimately benefiting both industry players and consumers.
Hong Kong Introduces Regulatory Sandbox for Stablecoin Issuers
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