According to BlockBeats news, on August 18, the Executive Director of the Intermediaries Department of the Hong Kong Securities and Futures Commission, Ye Zhiheng, stated that recently some companies have been using the application for stablecoin licenses to drive up stock prices, and investors should remain rational and be wary of related scams.
He revealed that in the first half of this year, he received 265 complaints regarding virtual asset transactions, mainly involving overseas fraud, platform violations, or frozen funds, and warned about the risks of trading on unlicensed platforms. (Jinshi)
