TechFlow news, on August 1, the Hong Kong Monetary Authority (HKMA) officially issued a security alert stating that Hong Kong's Stablecoin Ordinance has come into effect today, and the regulatory regime for stablecoin issuers has been implemented simultaneously. The regulatory framework is still in its initial stage, adopting a "strict first, proceed steadily" approach in regulatory philosophy. The HKMA particularly提醒s market participants to act cautiously when communicating with the public, avoiding statements that may cause misunderstandings or unrealistic expectations. Falsely claiming to be a licensed entity or applicant is illegal. Members of the public holding unregulated stablecoins must bear the risks themselves.
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