The Hong Kong Securities and Futures Commission reminds investors to be vigilant about the risks associated with stablecoin licenses
Ye Zhiheng, Executive Director of the Intermediary Department of the Hong Kong Securities and Futures Commission, stated that after the implementation of the Stablecoins Ordinance, some companies claimed that applying for licenses led to a rise in stock prices, but investors need to be alert to potential risks. He mentioned that he received 265 complaints about virtual asset transactions in the first half of this year, mainly involving fraud, platform theft, fund freezing, and other issues. He warned that trading virtual assets on unlicensed platforms carries extremely high risks and called on investors to remain rational.
