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A Hong Kong SFC official has cautioned that the new stablecoin regulatory framework has heightened fraud risks. Investors are urged to remain vigilant amid speculative hype in the market.
- Hong Kong's new stablecoin regulations have led to increased fraud risks, according to the SFC.
- Stablecoin firms in Hong Kong posted double-digit losses shortly after the regulations were enforced.
- Analysts view the market correction as healthy, citing stricter requirements for stablecoin issuers.
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Related Tags: Stablecoin
Other Tags: SFC