Hong Kong’s Stablecoin Law Triggers Industry Concerns Over KYC Rules - Fintech Hong Kong
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Hong Kong’s Stablecoin Law Triggers Industry Concerns Over KYC Rules - Fintech Hong Kong
Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industry over its stringent customer identification requirements, which they say could limit the adoption of stablecoins and affect the city’s appeal in global digital finance. The law positions Hong Kong as one of the first jurisdictions globally to regulate fiat-backed stablecoin issuers, offering an early-mover advantage in its push t…
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