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Wu Jiezhang explained about the "Hong Kong Compliance stablecoin holder identification needs real name": The Monetary Authority will implement KYC rules, but the specific plan will be submitted by the stablecoin issuers. According to BlockBeats news on July 30, Wu Jiezhang explained that the Hong Kong Monetary Authority will indeed implement KYC rules, but the specific implementation methods have not been fully determined, and real-name identification is just one of the methods. Wu Jiezhang emphasized that the specific plan will be submitted to the Monetary Authority by the stablecoin issuers, and then it must be satisfactory and approved by the Monetary Authority. In addition, compared to cash, the KYC rules related to stablecoins will be stricter. (Techub News)
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