Binance News
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Hong Kong's Stablecoin Regulations May Limit Derivatives Trading, Says DBS Bank CEO
According to PANews, DBS Bank Hong Kong's CEO, Sebastian Paredes, has expressed concerns that Hong Kong's anti-money laundering (AML) and know-your-customer (KYC) regulations for stablecoins could significantly restrict their use in on-chain derivatives trading. Paredes noted that while the bank will monitor these developments, it intends to focus on expanding its stablecoin service capabilities within Hong Kong.
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