吴杰庄 on "Hong Kong Compliance Stablecoin Holder Identity Verification Requirement": The HKMA will implement KYC rules, but the specific approach will be submitted by the stablecoin issuer.
By: theblockbeats.news|2025/07/30 03:42:32
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BlockBeats News, July 30th, Wu Jiezhuang explained the "Hong Kong Compliance Stablecoin Holder Identity Needs Real-Name Verification". He stated that the Hong Kong Monetary Authority (HKMA) will indeed implement KYC rules, but the specific implementation method has not been fully determined yet, and real-name verification is just one of the methods. Wu Jiezhuang emphasized that the specific plan will be submitted to the HKMA by the stablecoin issuer, and upon obtaining the HKMA's satisfaction and approval, it can be implemented. In addition, compared to cash, the KYC rules related to stablecoins will be more stringent. (Techub News)
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