Crypto Updates

Hong Kong to Vet Stablecoin Holders, Operations Over $8,000 to Be Scrutinized

Stablecoin Anxiety: Hong Kong to Vet Holders, Operations Over $8,000 to Be Scrutinized


The Hong Kong Monetary Authority (HKMA) has revealed that stablecoin holders will be verified using KYC methods to alleviate financial risks derived from the usage of these assets. The authority explained that three types of institutions will be allowed to exert these verifications. HKMA: Hong Kong to Verify Stablecoin Users Hong Kong is now gearing […]

Click Here to Read the Full Original Article at Regulation Archives – Bitcoin News…