According to PANews, the Hong Kong Monetary Authority has issued a safety alert, warning against fraudulent licensed stablecoins. The Stablecoin Regulation has officially come into effect, and the regulatory system for stablecoin issuers is being implemented simultaneously. The regulatory system is in its early stages and will adopt a 'strict first, steady progress' approach. The Monetary Authority reminds market participants to communicate cautiously to avoid misleading statements. False claims of being licensed or applicants are illegal, and those holding unregulated stablecoins must bear their own risks.