TechFlow news, August 18 — According to Jinshi Data, Ye Zhiheng, Executive Director of the Intermediaries Division at the Hong Kong Securities and Futures Commission, said that recently some companies have boosted their stock prices under the guise of applying for stablecoin licenses, urging investors to remain rational and beware of related fraud. He revealed that in the first half of this year, the SFC received 265 complaints regarding virtual asset trading, mainly involving overseas fraud, platform misconduct, or frozen funds, and warned of risks associated with using unlicensed platforms for trading.
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