Hong Kong Monetary Authority: Initial Hong Kong Compliance Stablecoin Holder Identity Verification Required

By: theblockbeats.news|2025/07/30 10:22:32

BlockBeats News, July 30th. According to Caixin's report, the Hong Kong Monetary Authority (HKMA) will open the first batch of stablecoin issuer license applications from August 1, 2025, to September 30, 2025. This marks the formal implementation stage of Hong Kong's stablecoin regulation. All compliant stablecoin holders in Hong Kong must have their identities verified, similar to real-name authentication, to enhance anti-money laundering and financial crime risk mitigation. Kelvin CHAN, Assistant Chief Executive of the HKMA (Regulation and Anti-Money Laundering), pointed out that this arrangement is stricter than the previous "white-list" system outlined in the Anti-Money Laundering Consultation Paper. However, in the future, if the technology matures, there may be opportunities to relax the regulations.

The leak of the CLARITY bill draft has triggered a plunge in Circle and Coinbase, directly hitting the core provision of the stablecoin "ban on interest," revealing the deep political and economic game in Washington's strict prevention of stablecoins evolving into on-chain savings accounts and the c...

Tokenized US stocks are not the "liquidity killer" of the crypto market

"As garbage coins are gradually eliminated, the protocols, infrastructure, and financial products that can truly create value have the opportunity to obtain a more reasonable valuation."

What Is TradFi and Why Is Everyone Talking About It in 2026?

Gold is rallying, SpaceX is heading for a historic IPO, and oil remains highly volatile. Discover why TradFi is back in focus and how crypto traders can access these opportunities with USDT. Put another way, TradFi Is Having Its Biggest Moment Ever, and Crypto Traders Are Perfectly Positioned

From Poland to Paris: A Look Back at WEEX's Global Community Journey in May 2026

Follow WEEX's global journey across Poland, Barcelona, Dubai, Milan and Paris. Explore Bitcoin Pizza Day, LALIGA VIP experiences, Web3 networking events, trading education and more from an action-packed May.

WEEX WXT Eco Carnival: How to Join WXT Events and Plan Trading Tasks

The WEEX WXT Eco Carnival is an ecosystem campaign built around WEEX Token (WXT), designed for users interested in platform tokens, spot trading, futures trading, deposit tasks, and referral rewards.

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st

Zhou Hang: How much is SpaceX really worth?

Great companies do not equal good stocks: A deep analysis of why SpaceX's $1.75 trillion IPO valuation may contain a $1.25 trillion bubble, and retail investors should avoid blindly chasing "story premiums."

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

The IOSG report indicates that by 2026, the listing of tokens on first-tier exchanges has formed a highly structured path where Coinbase and ByBit are responsible for initial discovery, Binance quickly verifies and confirms, and Korean exchanges provide liquidity at the end.

Morning Report | Coinbase Ventures makes its first investment in ENA; SpaceX plans to set the IPO price at $135 per share

Overview of Important Market Events on June 3rd