According to PANews, the Hong Kong Securities and Futures Commission (SFC) has added the 'Hong Kong Stablecoin Exchange' to its list of suspicious virtual asset trading platforms. The SFC stated that the entity is allegedly involved in unlicensed activities and virtual asset-related fraud. Furthermore, the entity falsely claims to be established by the Hong Kong Stock Exchange, the Stock Exchange of Hong Kong, and the Hong Kong Futures Exchange, despite having no affiliation with these institutions.