Wu Jiezhang explained that "Hong Kong Compliance stablecoin holders' identities need to be real-name verified": The Monetary Authority will implement KYC rules, but the specific plan will be submitted by stablecoin issuers. According to BlockBeats news, on July 30, Wu Jiezhang explained that "Hong Kong Compliance stablecoin holders' identities need to be real-name verified." He stated that the Hong Kong Monetary Authority will indeed implement KYC rules, but the specific implementation methods have not been fully determined, and real-name verification is just one of the methods. Wu Jiezhang emphasized that the specific plan will be submitted by stablecoin issuers to the Monetary Authority, and 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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