Techub News report, Hong Kong (Stable Coin Regulations) and the regulatory framework for stable coin issuers officially came into effect on August 1 this year. Recently, a promotional flyer featuring the Hong Kong Monetary Authority (HKMA) logo has been circulating in the market, concerning the sale of stable coins. The Monetary Authority has clarified that it has not issued any such promotional flyers and has reminded the public to remain vigilant, discern authenticity, and avoid being deceived.
