[DBS Bank Hong Kong CEO: Stablecoin Regulations May Limit Their Use in On-Chain Derivatives Trading] DBS Bank Hong Kong CEO Sebastian Paredes stated that Hong Kong's anti-money laundering (AML) and know-your-customer (KYC) regulatory requirements for stablecoins could significantly restrict their use in on-chain derivatives trading. He noted that despite this, DBS Bank will closely monitor relevant policy developments and focus on enhancing its overall capabilities in providing stablecoin services in the Hong Kong region.