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

ChainCatcher news, according to the "Stablecoin Regulation" licensing guidelines for stablecoin issuers released by the Hong Kong Monetary Authority, the Hong Kong Monetary Authority requires licensed stablecoin issuers to "ensure that they do not issue or offer specified stablecoins in jurisdictions where trading of specified stablecoins is prohibited," and that "licensees should implement control measures to mitigate the risks of remote customer identity verification procedures and location masking (e.g., using virtual private networks, or VPNs) during routine operations."