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Hong Kong SFC and HKMA Issue Joint Statement on Market Volatility Related to Stablecoins

Summary: According to reports from FXStreet, the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have noted recent market volatility related to the concept of stablecoins. The SFC and HKMA urge the public to exercise caution, thoroughly analyze relevant information, and avoid making irrational investment decisions based solely on market ...

According to reports from FXStreet, the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have noted recent market volatility related to the concept of stablecoins. The SFC and HKMA urge the public to exercise caution, thoroughly analyze relevant information, and avoid making irrational investment decisions based solely on market speculation or price trends. The public is reminded to make thoughtful and informed decisions in volatile environments, as reducing risks is crucial.

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