Hong Kong Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) Issue Joint Statement on Stablecoin-Related Market Volatility

BlockBeats News, August 14th. The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have noticed recent market fluctuations related to the concept of stablecoins. The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority urge the public to remain cautious, carefully analyze relevant information, and avoid making irrational investment decisions based solely on market speculation or price trends. The public should remember to make thoughtful and informed decisions in a volatile environment, as reducing risk is of utmost importance. (FX678)