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Hong Kong stablecoin initial holders must have their identities verified, with regulations potentially being relaxed later.

TechFlowJul 30, 2025
#DeFi
On July 30, according to Caixin.com, the Hong Kong Monetary Authority will open the first batch of stablecoin issuer license applications from August 1 to September 30, 2025, marking the official implementation stage of stablecoin regulation in Hong Kong. The identity of all Hong Kong compliant stablecoin holders must be verified, which is equivalent to a real-name system, to strengthen the fight against money laundering and financial crime risks. Chen Jinghong, Assistant President (Regulation and Anti-Money Laundering) of the Hong Kong Monetary Authority, pointed out that this arrangement is stricter than the "whitelist" system in the previous anti-money laundering consultation document, but if the technology matures in the future, there is a chance to relax the regulations. [Techflow]
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Hong Kong stablecoin initial holders must have their identities verified, with regulations potentially being relaxed later.

TechFlowJul 30, 2025
#DeFi
On July 30, according to Caixin.com, the Hong Kong Monetary Authority will open the first batch of stablecoin issuer license applications from August 1 to September 30, 2025, marking the official implementation stage of stablecoin regulation in Hong Kong. The identity of all Hong Kong compliant stablecoin holders must be verified, which is equivalent to a real-name system, to strengthen the fight against money laundering and financial crime risks. Chen Jinghong, Assistant President (Regulation and Anti-Money Laundering) of the Hong Kong Monetary Authority, pointed out that this arrangement is stricter than the "whitelist" system in the previous anti-money laundering consultation document, but if the technology matures in the future, there is a chance to relax the regulations. [Techflow]
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