Hong Kong Monetary Authority: Stablecoin issuers must "identify and prevent" customers from using VPN.

[Hong Kong Monetary Authority: Stablecoin Issuers Must "Identify and Prevent" Customers from Using VPN] According to the regulatory guidelines for licensed stablecoin issuers published by the Hong Kong Monetary Authority in the "Stablecoin Regulations", the Hong Kong Monetary Authority requires licensed stablecoin issuers to "ensure that they do not issue or offer designated stablecoins in jurisdictions where trading designated stablecoins is prohibited" and that "licensees should implement control measures to mitigate the risks of remote customer identification procedures and of location masking (such as using virtual private networks, i.e., VPN) during regular operations."