Hong Kong Association of Banks: Hong Kong digital banks have completed more than 100 "Fintech Regulatory Sandbox" tests in the past four years

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Cointime2024/11/21 03:45

By:Cointime

the Hong Kong Banking Association wrote an article in the Hong Kong media, Ta Kung Pao, titled "Digital Banks Join the Web 3.0 Wave," revealing that Hong Kong's digital banks have completed more than 100 "Fintech Supervisory Sandbox" tests through the Hong Kong Monetary Authority in the past four years, accounting for more than 40% of the total sandbox tests. In addition, some Hong Kong digital banks have begun to provide reserve banking services for stablecoin issuers, and some digital banks have the ability to serve as settlement banks for licensed virtual asset trading platforms, providing timely processing and settlement of transactions and other services.

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Cryptopolitan•2024/11/24 03:44