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The Hong Kong Seven and Commission Futures (SFC) Officer noticed that the introduction of the new local regular regular regular regulating increased fraud risk.
According to August 18 Report by the Chinese financial news Zhitongcajing, Ye Zhieng, executive director of the intermediary divisions of the intermediary, he said that the raises of fray are increased With the recent introduction of stable regulations. I am The investors whispered to exercise caution and avoid acting irracing investment driven to market hype or price point.
Ye remarks followed the stable companies Post double-digit losses on August 1right after the new stable motion in force. Analysts at the moment described the seller as a healthy fix, as the requirements for steady embarraging
However, saying that some companies have seen their prices grown only to disclose of plans to apply for a steadcoin license.
In relation: China disappears on stable promotions, search and seminars
Hong Kong’s authority will get against steady speculation
Thursday the Thursday, the SFC and the monetary authority of Hong Kong (HKMA) jerly issued a statement on recent market-linked movements to the stableco. Regulators have reported to “Recent Market Moves to Steady’s Concept” of companies.
“These movements appear corporate ads, reports of the news in the specialine specialines in stable mode
The sfC also told that monitoring the business business activity in Hong Kong. The regulator thinks to “take tight actions against any manipulative or deceptive practices that could compromise market integrity.”
In relation: Animoca and Standard Charrted forms Stablecoin Ventures in Hong Kong
Crypto is a high priority for Hong Kong regulators
The notice come as Hong Kong begins the ordinance of their steady, who took effect the August 1 and introduced a period of separation of six months for respect.
Stablecoin ordinance effectively criminalize the offer oa promotion of fiat-recorded fiat-registered fiat-references to sales investors. Those measures also follow the local authorities finalize their regretory frame for stable tisants Launch a dedicated public license record. I am
Last week, the sfC has also issued immediately effective Guidance on CrystourRennNCy cinghial standardsIntroducing sweeping safety requirements and a busting contracts in the implements of the cold parole, a rule that could conflict with actual business practices
https://www.youtube.com/watch?v=y9m57pbjs
Magazine: Hoste Kong Hone Downcoin Front-Fro Worchon Only: Asia Express
