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Wu Jiezhuang explains the need for real-name verification of stablecoin holders in Hong Kong: HKMA will implement KYC rules, but specific plans will be submitted by stablecoin issuers
Summary: According to reports, Wu Jiezhuang explained the need for real-name verification of stablecoin holders in Hong Kong. He stated that the Hong Kong Monetary Authority will indeed implement KYC rules, but the specific implementation methods have not been fully determined, and real-name verification is just one method. Wu Jiezhuang emphasized that specific plans will be ...
According to reports, Wu Jiezhuang explained the need for real-name verification of stablecoin holders in Hong Kong. He stated that the Hong Kong Monetary Authority will indeed implement KYC rules, but the specific implementation methods have not been fully determined, and real-name verification is just one method. Wu Jiezhuang emphasized that specific plans will be submitted by stablecoin issuers to the HKMA for approval. In addition, compared to cash, the KYC rules related to stablecoins will be more stringent. (Techub News)
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Link: Wu Jiezhuang explains the need for real-name verification of stablecoin holders in Hong Kong: HKMA will implement KYC rules, but specific plans will be submitted by stablecoin issuers [Copy]
