Hong Kong Regulator Warns About Fake Stablecoin License Scams 🚨
The Hong Kong Securities and Futures Commission (SFC) has warned the public about scams linked to stablecoin license claims.
👉 What’s happening?
Some companies are falsely claiming they applied for a stablecoin license to make their stock prices go up.
👉 What the SFC says:
Stay alert and don’t believe every claim.
Scammers often use these tricks to mislead investors and manipulate markets.
👉 Numbers tell the story:
In just the first half of 2025, the SFC got 265 complaints about crypto-related fraud. These cases included:
Overseas scams
Unlicensed trading platforms
Frozen investor funds
👉 Key warning:
If you trade on unlicensed platforms, your money is at serious risk — and you may not have any legal protection.
Hong Kong is trying to build a safe, regulated digital asset market, but scammers are also trying to exploit new policies for fraud.
⚠️ Always double-check information and avoid unlicensed platforms.
