Hong Kong Flags Fraud Risks Amid New Stablecoin Regulations

Hong Kong Flags Fraud Risks Amid New Stablecoin Regulations

A senior official at the Hong Kong Securities and Futures Commission (SFC) has warned of heightened fraud risks following the enforcement of the city’s new stablecoin regulatory framework. Ye Zhiheng, Executive Director of the Intermediaries Division, cautioned that the introduction of the Stablecoin Ordinance on August 1, 2025, has spurred speculation-driven volatility and irrational investor behavior. Ye noted that some companies saw signif...

Hong Kong Flags Fraud Risks Amid New Stablecoin Regulations

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