Wu Jiezhuang explained that "Hong Kong compliant stablecoin holders need to be real-named": The HKMA will implement KYC rules, but the specific plan will be submitted by the stablecoin issuer Previously, according to Caixin, the Hong Kong Monetary Authority will open the first batch of stablecoin issuer license applications from August 1 to September 30, 2025, and all Hong Kong compliant stablecoin holders need to be real-named. Techub News contacted Hong Kong Legislative Council member Wu Jiezhuang about this, who said that the Hong Kong Monetary Authority will indeed implement KYC rules, but the specific implementation method has not been fully determined, and real-name is only one of the methods. Wu Jiezhuang emphasized that the specific plan will be submitted to the HKMA by the stablecoin issuer, and then satisfied and approved by the HKMA. Additionally, stablecoin-related KYC rules will be stricter than cash. #稳定币 #香港 #WEB3 #RWA