Deep Tide TechFlow News, on August 2, the Hong Kong Monetary Authority officially issued a safety alert, warning against fraudulent licensed stablecoin scams. The Hong Kong 'Stablecoin Ordinance' has officially come into effect, and the regulatory system for stablecoin issuers has also begun to be implemented. The regulatory framework is still in its early stages, and the regulatory approach will adopt a strict and stable policy. As the regulatory system comes into effect, market participants should exercise caution when communicating with the public to avoid making statements that could lead to misunderstandings or create unrealistic expectations. According to the 'Stablecoin Ordinance', falsely claiming to be a licensee or applicant is illegal. As of today, the Monetary Authority has not issued any stablecoin issuer licenses, and the public should be wary of any claims regarding stablecoins or stablecoin issuers that are purportedly regulated or licensed in Hong Kong. After licenses are issued, the Monetary Authority will upload the list of licensed stablecoin issuers to its official website.