Hong Kong Securities and Futures Commission's Yip Chi hang: Beware of the positive speculation of stablecoins, non licensed trading platforms have high risks According to a report by Golden Finance, Ye Zhiheng, Executive Director of the Intermediary Department of the Hong Kong Securities and Futures Commission, stated that some companies have recently used the pretext of applying for stablecoin licenses to boost their stock prices. Investors should remain rational and be vigilant against related fraud. He revealed that he received 265 complaints about virtual asset trading in the first half of this year, mainly involving overseas fraud, platform infringement, or frozen funds, and warned of the risks of using non licensed platforms for trading.