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Hong Kong Monetary Authority: Stablecoin issuers must “identify and prevent” customers from using VPNs


2025-07-3110661 Views
according to the Stablecoin Regulations issued by the Hong Kong Monetary Authority, licensed stablecoin issuers are required to "ensure that stablecoins are not issued or offered in jurisdictions where trading is prohibited" and that "licensees should implement control measures to mitigate risks of remote customer identification processes and location masking during daily operations (such as using a Virtual Private Network, VPN)".




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