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Dear Colleagues, Hong Kong is currently advancing two key processes simultaneously: the implementation of stablecoin regulations and the exploration of compliance. The core commonality between these two processes is identity and compliance. Stablecoins must achieve “real-name

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Some existing solutions face practical challenges in Hong Kong. For example, WorldCoin relies on a large iris-scanning "Orb" device to collect biometrics. While conceptually emphasizing "uniqueness," the following issues arise in practice:. High costs may hinder widespread

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Hello everyone! Today, I would like to discuss a topic that is both full of opportunities and carries significant responsibilities: stablecoins. The Hong Kong Stablecoin Ordinance came into effect in August 2025. This legislation, together with the draft regulatory guidelines for

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