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Yuan Coin Technology Website Displays 'Hong Kong Dollar Stablecoin HKDR (Coming Soon)'

Summary: According to a report from Ming Pao, Liu Yu, the CEO of Yuan Coin Technology, revealed in a recent interview that strict regulation of stablecoins is inevitable. Currently, the 'ERC-3643' token standard in the market has strong regulatory attributes, such as requirements for identity verification and permission restrictions, which could potentially be a method for ...

According to a report from Ming Pao, Liu Yu, the CEO of Yuan Coin Technology, revealed in a recent interview that strict regulation of stablecoins is inevitable. Currently, the 'ERC-3643' token standard in the market has strong regulatory attributes, such as requirements for identity verification and permission restrictions, which could potentially be a method for issuers, financial institutions, and Virtual Asset Service Providers (VASPs) to operate in compliance with current regulatory rules. Yuan Coin Technology's website has displayed 'Hong Kong Dollar Stablecoin HKDR (Coming Soon)' and has a dedicated page introducing HKDR. Liu Yu stated that the company will make every effort to promote it and is confident in successfully obtaining approval in the end.

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