Hong Kong Monetary Authority: Initial Hong Kong Compliance Stablecoin Holder Identity Verification Required

By: theblockbeats.news|2025/07/30 10:22:32
0
Share
copy

BlockBeats News, July 30th. According to Caixin's report, the Hong Kong Monetary Authority (HKMA) will open the first batch of stablecoin issuer license applications from August 1, 2025, to September 30, 2025. This marks the formal implementation stage of Hong Kong's stablecoin regulation. All compliant stablecoin holders in Hong Kong must have their identities verified, similar to real-name authentication, to enhance anti-money laundering and financial crime risk mitigation. Kelvin CHAN, Assistant Chief Executive of the HKMA (Regulation and Anti-Money Laundering), pointed out that this arrangement is stricter than the previous "white-list" system outlined in the Anti-Money Laundering Consultation Paper. However, in the future, if the technology matures, there may be opportunities to relax the regulations.

You may also like

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

One cannot rely on macro narratives like "Gold Rotation" to determine whether Bitcoin has bottomed. True bottom signals will only appear during position unwinding and extreme pessimistic sentiment.

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

Popular coins

Latest Crypto News

Read more