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Wang Xiaoqing and Han Wei

BIZARRE: Hong kong regulators issue warning to cool stablecoin frenzy | Mind Blowing Facts

Hong Kong HKMA SFC Behavior the Hong Kong Monetary Authority

Signage for the Hong Kong Monetary Authority (HKMA) is displayed outside Two International Finance Centre (IFC) in the business district of Central in Hong Kong

Hong Kong’s top financial regulators have issued a rare joint warning, cautioning investors over heightened market volatility driven by speculation surrounding stablecoins.

In a joint statement Thursday, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) said recent stock fluctuations tied to the "stablecoin concept" underscored the risks of irrational investment behavior during speculative market surges.

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