Hong Kong Securities Supervision Commission Ye Zhiheng: Be wary of stablecoins and hype, non-licensed trading platforms are risky
2025-08-18 09:24:20
Ip Chi Heng, executive director of the Intermediaries Department of the Hong Kong Securities Supervision Commission, said that investors should be rational and vigilant against related fraud in the name of companies applying for stablecoin licenses recently. He revealed that 265 complaints about virtual asset transactions were received in the first half of this year, mainly related to overseas fraud, platform infringement or frozen funds, and warned about the risks of using unlicensed platforms for trading.
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