According to ChainCatcher news, as reported by Jin Ten, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have noted recent market fluctuations related to the concept of stablecoins. The Monetary Authority reiterates that it will adopt a robust and prudent approach when considering applications for stablecoin issuer licenses and will establish higher thresholds.
The Hong Kong Monetary Authority emphasizes that expressing intentions or submitting applications for stablecoin licenses, as well as communication between the Monetary Authority and relevant institutions, are merely part of the licensing application process. Whether a license is ultimately granted will depend on whether the application meets the licensing conditions. Given the significant uncertainties surrounding these plans or application outcomes, the fluctuations driven by market sentiment or speculation highlight the necessity of remaining vigilant during market euphoria. Severe stock price volatility may lead to irrational decisions, exposing investors to unnecessary risks.
In light of this, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority urge the public to exercise caution, thoroughly analyze relevant information, and avoid making irrational investment decisions based solely on market speculation or price momentum. The public should remember that making well-considered and informed decisions in a volatile environment is crucial for reducing risks.