PANews reported on November 8 that according to CoinDesk, Layer 1 blockchain Flare and Red Date Technology announced two pilots that allow mainland Chinese residents traveling to Hong Kong to access tokenized financial services through local applications and will use China's real-name decentralized ID system (RealDID) for anonymous registration. The pilot will allow users to anonymously register on regulated stablecoin applications, purchase stablecoins issued by Hong Kong virtual asset company IDA and trade.
Flare and Red Date Technologies to pilot stablecoin purchasing service for Chinese citizens in Hong Kong
Comment
Recommend Reading
2024-12-0221X announces partnership with Chainlink to launch EU-regulated tokenized securities trading and settlement system
2024-12-02FDV exceeds 9 billion US dollars and the community has given it positive reviews. Why is Hyperliquiquid successful?
2024-12-02Web3 Payments at a Crossroads: Happy Beans for Converts or a New Paradigm for Rebels?
2024-12-02How regulatory resistance is crushing Facebook Libra's vision of global payments
Data: Hong Kong virtual asset ETF today's trading volume is about HK$60.97 million
2024-12-02A paradise for digital nomads, how does TRON expand its crypto footprint through the Thai market?
