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Hong Kong’s financial regulators have issued a joint warning to investors about the risks of impulsive bets on stablecoin-linked assets amid market volatility. The HKMA and SFC highlighted concerns over price swings driven by speculation and unverified claims.
- HKMA applies a 'rigorous and prudent' approach to stablecoin licensing, with stringent criteria and limited approvals expected initially.
- SFC warns investors against hype-driven volatility and emphasizes thorough research to avoid significant losses.
- Regulators will monitor trading for manipulation and enforce strict actions against deceptive practices.
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