ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

DBS Hong Kong CEO Sebastian Paredes warned that Hong Kong’s new stablecoin KYC and AML rules will largely block their use in onchain derivatives trading. Hong Kong’s stablecoin regulatory framework limits their use for derivative trading on blockchain networks, according to Sebastian Paredes, CEO of DBS Hong Kong.According to a Friday report by local news outlet The Standard, Paredes said that Hong Kong regulations on stablecoin Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements will significantly restrict their use for onchain derivatives trading. He said the bank will monitor developments but focus instead on building broader stablecoin capabilities in Hong Kong.The comments follow the rollout of Hong Kong’s new stablecoin rules on Aug. 1. The rules immediately criminalized the promotion of unlicensed stablecoins and established a public registry of authorized issuers.Read more DBS Hong Kong CEO Sebastian Paredes warned that Hong Kong’s new stablecoin KYC and AML rules will largely block their use in onchain derivatives trading. Hong Kong’s stablecoin regulatory framework limits their use for derivative trading on blockchain networks, according to Sebastian Paredes, CEO of DBS Hong Kong.According to a Friday report by local news outlet The Standard, Paredes said that Hong Kong regulations on stablecoin Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements will significantly restrict their use for onchain derivatives trading. He said the bank will monitor developments but focus instead on building broader stablecoin capabilities in Hong Kong.The comments follow the rollout of Hong Kong’s new stablecoin rules on Aug. 1. The rules immediately criminalized the promotion of unlicensed stablecoins and established a public registry of authorized issuers.Read more

Hong Kong rules limit stablecoin derivative trading: DBS CEO

Author: Coinstats

Source: Coinstats

2025/09/26 18:36

KONG$0.008999+566.59%

BLOCK$0.012339-0.52%

BANK$0.05247+1.96%

PUBLIC$0.01713-6.39%

DBS Hong Kong CEO Sebastian Paredes warned that Hong Kong’s new stablecoin KYC and AML rules will largely block their use in onchain derivatives trading.

Hong Kong’s stablecoin regulatory framework limits their use for derivative trading on blockchain networks, according to Sebastian Paredes, CEO of DBS Hong Kong.

According to a Friday report by local news outlet The Standard, Paredes said that Hong Kong regulations on stablecoin Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements will significantly restrict their use for onchain derivatives trading. He said the bank will monitor developments but focus instead on building broader stablecoin capabilities in Hong Kong.

The comments follow the rollout of Hong Kong’s new stablecoin rules on Aug. 1. The rules immediately criminalized the promotion of unlicensed stablecoins and established a public registry of authorized issuers.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.