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Hong Kong Monetary Authority: Initial holders of compliant stablecoins in Hong Kong must have their identities verified.

BlockBeatsJul 30, 2025
#DeFi
On July 30, according to Caixin, the Hong Kong Monetary Authority will open the first batch of stablecoin issuer license applications from August 1, 2025 to September 30, 2025, marking the official implementation stage of stablecoin supervision in Hong Kong. The identities of all compliant stablecoin holders in Hong Kong must be verified, which is equivalent to real-name registration, 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. [BlockBeats]
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Hong Kong Monetary Authority: Initial holders of compliant stablecoins in Hong Kong must have their identities verified.

BlockBeatsJul 30, 2025
#DeFi
On July 30, according to Caixin, the Hong Kong Monetary Authority will open the first batch of stablecoin issuer license applications from August 1, 2025 to September 30, 2025, marking the official implementation stage of stablecoin supervision in Hong Kong. The identities of all compliant stablecoin holders in Hong Kong must be verified, which is equivalent to real-name registration, 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. [BlockBeats]
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