#中国加密新规 【Hong Kong Securities and Futures Commission's Yip Chi Hang: Some companies claim to intend to apply for stablecoin licenses and their stock prices rise, investors need to be vigilant about increasing fraud risks】 Yip Chi Hang, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, stated in an interview on the wireless program "Clarifying the Facts" 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, and their stock prices rise. He pointed out that investor reaction is fervent, urging investors to maintain a "rational line," as the Securities and Futures Commission is concerned about increasing fraud risks.

Yip Chi Hang stated that there were 265 complaints about virtual asset transactions in the first half of this year, mainly involving overseas investors' overseas investments, and mentioned that there were financial losses, with reasons including encountering fraud, platforms being hacked leading to asset theft, platforms not acknowledging winnings, or the trading party being accused of money laundering, resulting in sudden freezing of funds. He pointed out that when investors trade virtual assets but do not use licensed platforms, it is essentially risky, likening it to playing "Russian roulette." Additionally, he mentioned that the Securities and Futures Commission is still investigating the JPEX fraud case.