Recently, discussions about the regulation of stablecoins in Hong Kong have become increasingly heated. Numerous interpretations have emerged online, suggesting that "stablecoin holders all need KYC verification," which has sparked widespread controversy: "If on-chain transfers require KYC, how can it be decentralized?" "Isn't the regulation too conservative, hindering financial innovation?" These voices have their merits, but do they truly reflect the regulatory intentions of the Hong Kong Monetary Authority (HKMA)? After closely studying two key documents—the "Guidelines for the Supervision of Stablecoin Issuers" and the "Anti-Money Laundering and Counter-Terrorist Financing Guidelines"—we have arrived at a more technically detailed and legally bounded answer: Not all coin holders need KYC, provided that the issuer can demonstrate that its risk control mechanisms are sufficiently effective. #Gate ETH 挖矿年化收益 5%# #晒出我的Alpha积分# #加密IPO热潮#

ASP0.58%
PROVE-13.33%
GT1.51%
BTC0.84%
ETH4.56%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)