Hong Kong Monetary Authority: stablecoin issuers need to 'identify and prevent' customers from using VPN

According to a report by Golden Finance, according to the regulatory guidelines for licensed stablecoin issuers under the Stablecoins Ordinance released by the Hong Kong Monetary Authority, the authority requires licensed stablecoin issuers to "ensure that they do not issue or offer specified stablecoins in jurisdictions where trading of specified stablecoins is prohibited," and to "implement control measures to mitigate the risk of location masking (such as using virtual private networks, or VPNs) during remote customer identity authentication procedures and daily operations.