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

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.