[Coin World] On August 13, it was reported that Liu Yu, the CEO of Yuan Coin Technology, revealed in a recent interview that strict regulation of stablecoins is inevitable. Currently, the "ERC-3643" token standard possesses strong regulatory attributes, such as requirements for identity verification and permission restrictions, which may become a way for potential issuers, financial institutions, and virtual asset service providers (VASP) to operate in compliance under the current regulatory framework.
The Yuan Coin Technology website has displayed "Hong Kong Dollar stablecoin HKDR (coming soon)" and has a dedicated page introducing HKDR. In this regard, Liu Yu stated that the company will make every effort to promote it and is confident that it will ultimately succeed in obtaining the license.
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CryptoWageSlave
· 08-16 00:20
Regulation has tightened, good thing.
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FlashLoanLarry
· 08-13 07:09
compliance + erc3643 = ngmi fr
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NFTDreamer
· 08-13 07:08
It's another new stablecoin play from HK.
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GasFeeDodger
· 08-13 07:07
Hong Kong dollars also need to get on board and have some fun.
The CEO of Yuan Coin Technology Talks About Stablecoin Regulation: Discussing the ERC-3643 Standard and Preparing to Launch HKDR
[Coin World] On August 13, it was reported that Liu Yu, the CEO of Yuan Coin Technology, revealed in a recent interview that strict regulation of stablecoins is inevitable. Currently, the "ERC-3643" token standard possesses strong regulatory attributes, such as requirements for identity verification and permission restrictions, which may become a way for potential issuers, financial institutions, and virtual asset service providers (VASP) to operate in compliance under the current regulatory framework.
The Yuan Coin Technology website has displayed "Hong Kong Dollar stablecoin HKDR (coming soon)" and has a dedicated page introducing HKDR. In this regard, Liu Yu stated that the company will make every effort to promote it and is confident that it will ultimately succeed in obtaining the license.