Hong Kong stablecoin bill’s client identity rules spark industry concern | The Mighty 790 KFGO
By Summer Zhen and Jiaxing Li HONG KONG (Reuters) -The strict customer identification rules mandated in Hong Kong’s new stablecoin law could hinder adoption of the digital currency and the city’s competitiveness in global digital finance markets, sources from the industry said. Hong Kong’s long-awaited stablecoin ordinance took effect on August 1 and positions Hong…