DBS Bank: Hong Kong's new stablecoin regulations will limit the use of stablecoins in on-chain derivatives
2025-09-26 11:26:30
According to Cointelegraph, the CEO of DBS Bank Hong Kong said that the new stablecoin anti-money laundering (AML) and KYC regulations in Hong Kong will restrict the use of stablecoins in on-chain derivatives transactions. Hong Kong introduced a new stablecoin regulatory framework on August 1, criminalizing the promotion of unlicensed stablecoins and establishing a public regedit for authorized issuers.
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