TechFlow, August 8 — The Hong Kong Monetary Authority (HKMA) issued a statement today warning the public about recent promotional leaflets for stablecoin offerings that falsely use the HKMA's logo. The HKMA reiterated that under the Stablecoin Ordinance, which came into effect on August 1, stablecoins must be offered through authorized providers, including licensed stablecoin issuers, Type 1 regulated activity corporations licensed by the Securities and Futures Commission, virtual asset trading platforms, banks, and stored value facility licensees. Over-the-counter virtual asset trading operators are currently not considered authorized providers. The HKMA cautioned that purchasing unregulated stablecoins through unregulated channels involves risks that investors must bear at their own discretion.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
