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11/9/2024 1:13:47 PM (GMT+1)

Hong Kong launches testing of anonymous KYC system for Chinese residents, enabling stablecoin use and tokenized financial products 💸

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As part of the trials, the Chinese platform RealDID is used for anonymous user verification. This solution, based on zero-knowledge (ZK) technology, will allow Chinese visitors to Hong Kong to register in stablecoin applications and purchase tokenized products, such as HKDA, without disclosing personal information.

The project aligns with future digital currency regulations in Hong Kong and will provide Chinese users with access to financial services without traditional documentation.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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