Crypto's Truth on Nostr: The Hong Kong Monetary Authority (HKMA) has launched what is being referred to as a ...

The Hong Kong Monetary Authority (HKMA) has launched what is being referred to as a stablecoin issuer sandbox arrangement. This arrangement is designed to communicate the HKMA’s supervisory expectations to parties interested in issuing fiat-referenced stablecoins. The sandbox is also expected to serve as a channel for stablecoin market participants to relay their feedback on proposed regulatory requirements.