Source: Coindesk.com
Flare and Red Date Technology are conducting trials in Hong Kong to allow mainland Chinese residents to purchase stablecoins issued by IDA through anonymous registration and compliance with Chinese real-name laws. The initiative uses the China Real-Name Decentralized Identifier System (RealDID) to enable legal transactions with stablecoins like HKDA, aligning with Hong Kong's new stablecoin regulations.
Read More https://www.coindesk.com/policy/2024/11/08/layer-1-flare-and-red-date-technology-set-to-trial-stablecoin-buying-for-chinese-nationals-in-hong-kong/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial" appeared first here Coindesk.com.
Source: Coindesk.com
