DBS Bank Hong Kong CEO: Hong Kong's stablecoin regulatory rules will limit its use in on-chain derivatives trading

Sep 26, 2025 19:08:53

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ChainCatcher news, 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 regarding stablecoins will severely limit their use in on-chain derivatives trading. He mentioned that the bank will pay attention to relevant developments but will focus on building a broader stablecoin service capability in Hong Kong.

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