"Hong Kong Stablecoin Bill Released: Controversy Over Real-Name Requirement for Coin Holders, Extreme Conservatism Closes Off DeFi" The Hong Kong "Stablecoin Ordinance" requires institutions issuing or providing fiat-backed stablecoins in Hong Kong to be licensed, and strictly implement real-name systems, reserves, AML/KYC regulations, prohibiting anonymous wallets from connecting with DeFi. The regulatory intensity is referred to as the strictest in the world, sparking widespread controversy in the Web3 community.

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ProxyCollectorvip
· 08-07 00:43
Policies come and go, but it's better to be free in the crypto world.
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RektButAlivevip
· 08-05 09:47
So conservative, is Hong Kong still this tough?
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fren_with_benefitsvip
· 08-04 01:13
I've received the news, I'm afraid it's going to be over.
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ChainPoetvip
· 08-04 01:04
There is only a fine line between regulated and unregulated.
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StablecoinEnjoyervip
· 08-04 01:00
This regulatory policy is too outrageous.
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Token_Sherpavip
· 08-04 00:55
smh, back to tradfi shackles... defi spirit = dead in hk
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