TechFlow, July 31 — According to the "Guideline on Supervision of Licensed Stablecoin Issuers" released by Hong Kong's Monetary Authority regarding its Stablecoin Ordinance, the HKMA requires licensed stablecoin issuers to "ensure that specified stablecoins are not issued or offered in jurisdictions where such transactions are prohibited," and that "licensees should implement control measures to mitigate the risks of location masking (e.g., through the use of virtual private networks, i.e. VPNs) during remote customer identity verification procedures and in daily operations."
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