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Shenzhen authorities have issued a public warning about rising scams involving stablecoins, urging residents to report fraudulent activities. Meanwhile, Hong Kong is set to introduce a new licensing regime for stablecoins next month, signaling a contrasting regulatory approach.
- Shenzhen authorities warn of stablecoin scams linked to illegal fundraising and fraud, urging public reporting.
- Hong Kong will implement a stablecoin licensing regime in August, permitting only approved issuers to operate.
- JD.com denies issuing any stablecoins, clarifying that promotions claiming otherwise are fraudulent.
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Related Tags: Stablecoin