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GateUser-6f0dc68d
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GateUser-6f0dc68d
The recent stablecoin policy launched in Hong Kong has sparked heated discussions within the industry. This policy seems to aim at regulating the market, but in fact, it may hinder the development and application of stablecoins.
Firstly, the new policy requires users to undergo real-name KYC and to retain information for up to 5 years. Even more perplexing is that it also prohibits stablecoins from entering the DeFi ecosystem and interacting with anonymous wallets. Such strict regulations inevitably lead one to ponder, what is the essential difference between these stablecoins and traditional
Firstly, the new policy requires users to undergo real-name KYC and to retain information for up to 5 years. Even more perplexing is that it also prohibits stablecoins from entering the DeFi ecosystem and interacting with anonymous wallets. Such strict regulations inevitably lead one to ponder, what is the essential difference between these stablecoins and traditional
DEFI-8,58%
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GateUser-a86986f6:
just play is ok:View More
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Join the gate Learn quiz challenge with me, team up for daily attendance, and share a generous prize pool of 10,000 U! https://www.gate.io/activities/quiz-challenge-learn?invite_uid=912078&nk_name=GateUser-6f0dc68d&ch=LearnQuiz_20241118
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