The Hong Kong Securities and Futures Commission announced that the "Hong Kong Stablecoin Exchange" has been included in the warning list of suspicious virtual asset trading platforms. The Hong Kong SFC stated that the entity claims to operate a virtual asset trading platform, suspected of conducting unlicensed activities / engaging in virtual asset-related fraudulent activities. The entity also falsely claimed that it was jointly established by the three major exchanges in Hong Kong: the Hong Kong Stock Exchange, the Hong Kong Futures Exchange, and the Hong Kong Exchanges and Clearing Limited, while in fact, it has no connection with any of them. $US
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