Hong Kong Launches Second Phase of Its CBDC Pilot Program
Submitted by Anonymous (not verified) on Tue, 03/19/2024 - 11:40

The regulator invited applicants with a "genuine interest in developing a stablecoin issuance business" to join the sandbox.

Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of token
Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance o
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