According to ChainCatcher and Jin Shi data, Eddie Yip, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, stated that some companies have recently been using the pretext of applying for stablecoin licenses to drive up stock prices, and investors should remain rational and be wary of related scams.
He revealed that the commission received 265 complaints about virtual asset transactions in the first half of the year, mainly involving overseas fraud, platform infringements, or fund freezes, and warned about the risks of trading on unlicensed platforms.
