PANews reported on September 26 that according to Cointelegraph, DBS Bank Hong Kong CEO Sebastian Paredes stated that Hong Kong's anti-money laundering (AML) and know-your-customer (KYC) regulations on stablecoins will severely restrict their use in on-chain derivatives trading. He stated that the bank will monitor relevant developments but will focus on building a broader stablecoin service capability in Hong Kong.PANews reported on September 26 that according to Cointelegraph, DBS Bank Hong Kong CEO Sebastian Paredes stated that Hong Kong's anti-money laundering (AML) and know-your-customer (KYC) regulations on stablecoins will severely restrict their use in on-chain derivatives trading. He stated that the bank will monitor relevant developments but will focus on building a broader stablecoin service capability in Hong Kong.
DBS Bank Hong Kong CEO: Hong Kong's stablecoin regulatory rules will limit its use in on-chain derivatives trading
PANews reported on September 26 that according to Cointelegraph, DBS Bank Hong Kong CEO Sebastian Paredes stated that Hong Kong's anti-money laundering (AML) and know-your-customer (KYC) regulations on stablecoins will severely restrict their use in on-chain derivatives trading. He stated that the bank will monitor relevant developments but will focus on building a broader stablecoin service capability in Hong Kong.
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