BlockBeats news, on August 17, according to (Ming Pao) report, Ye Zhiheng, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, stated that he has noticed that after the recent implementation of the (stablecoin regulation), some companies claim to apply for licenses or intend to apply for licenses, with their company stock prices rising. He pointed out that investors' reactions are fervent and called on investors to maintain 'rationality'; the Hong Kong Securities and Futures Commission is concerned about the increased risk of fraud.
Ye Zhiheng stated that there were 265 complaints regarding virtual asset transactions in the first half of this year, primarily involving overseas investors' foreign investments, and mentioned financial losses due to reasons including encountering fraud, platforms being hacked and assets stolen, platforms not recognizing winnings, or trading parties being accused of money laundering, leading to sudden freezing of funds. He pointed out that when investors trade virtual assets without using licensed platforms, they are essentially taking risks, playing 'Russian roulette'.
