$STRC
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LATEST: Hong Kong's first licensed stablecoin, HKDAP, faces security scrutiny just two days after launch. A BlockSec review flagged issues with KYC controls, privileged access and governance. One role could control minting, freezing, pausing and forced burning.
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AI visual note: The image features the headline "Hong Kong's First Licensed Stablecoin Faces Security Red Flags" displayed over a background of stacked Hong Kong-flag-themed coins with a glowing red warning triangle in the foreground. The visual symbolizes the BlockSec security review alerting that HKDAP's launch raised concerns over KYC controls, privileged access, and governance, where a single role could control minting, freezing, pausing, and forced burning of tokens.