The HKMA's newly released guidelines for stablecoin issuers emphasize compliance and risk management in operations, reflecting a proactive regulatory stance.
The Hong Kong Monetary Authority (HKMA) has issued regulatory guidelines for licensed stablecoin issuers, mandating that they refrain from issuing stablecoins in jurisdictions where trading is prohibited. Additionally, issuers must implement controls to address risks related to remote customer identity verification and location masking during operations.