ChainCatcher message, the Hong Kong Monetary Authority stated on platform X that due to its initiatives such as the stablecoin issuer sandbox to promote the development of digital assets, individuals should be wary of scammers. Explore digital assets safely, understand their nature and risks, carefully assess personal risk tolerance, and make informed decisions.

ChainCatcher news, according to The Block, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and Hong Kong Telecommunications Limited (HKT) announced their participation in the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox program. This collaboration will leverage Zodia Custody's digital asset custody capabilities to explore the role of stablecoins in the financial and payment markets, supporting Hong Kong's goal to become a global digital asset hub.Previous news, the HKMA announced the list of participants in the stablecoin issuer sandbox.

ChainCatcher news, the Hong Kong Monetary Authority announced the list of stablecoin issuer sandbox participants on July 18. The following institutions will participate in the sandbox, effective today: JD Coin Chain Technology (Hong Kong) Limited, Yuan Coin Innovation Technology Limited, Standard Chartered Bank (Hong Kong) Limited, Anni Group Limited, and Hong Kong Telecommunications (HKT) Limited. These institutions were able to demonstrate a genuine willingness and reasonable plans to develop stablecoin issuance business in Hong Kong during the evaluation process, and the proposed operations under the sandbox will be conducted within a limited scope and with manageable risks.