X @Wu Blockchain
Wu Blockchainยท2025-08-06 13:29
Hong Kong's Stablecoin Ordinance Released:Stablecoin Ordinance requires HKMA licensing for all fiat-backed stablecoin issuers, enforcing 1:1 reserves, capital and redemption rules, full KYC, geographic limits, and banning anonymous wallets and DeFi links. It adds cross-border compliance and ongoing oversight. Strict KYC requirements have sparked controversy, and the ultra-conservative approach shuts out DeFi.Read morehttps://t.co/csRu0RWn11 ...