ChainCatcher news, according to reports from Daily Economic News, Dr. Shen Jiangguang, Vice President and Chief Economist of JD Group, stated in an exclusive interview with a reporter from Daily Economic News in Hong Kong that currently, JD has entered the "sandbox" testing phase for stablecoin issuance in Hong Kong. The relevant legislation for stablecoins in Hong Kong is still being advanced, and there are no clear provisions yet. It is expected that after the approval of Hong Kong's "Stablecoin Regulation Draft," the Hong Kong Monetary Authority can officially release the specific implementation details for stablecoins based on this.

ChainCatcher news, according to reports, digital bank ZA Bank has announced that its virtual asset trading service has entered the sandbox testing phase. The bank stated that this innovative service aims to allow eligible retail investors in Hong Kong to enjoy a safer, more reliable, and convenient virtual asset trading experience in a strictly regulated banking environment, further promoting the development of fintech in Hong Kong.