The Hong Kong "Stablecoin Regulation" is trending, yet many regions are issuing warnings about illegal fundraising? Original author: Lawyer Xu Qian #####Introduction With Hong Kong passing the "Stablecoin Regulation", the market has ignited a "stablecoin craze". Financial departments in multiple regions including Beijing, Zhejiang, Shenzhen, Suzhou, Chongqing, and Ningxia have consecutively issued risk warning announcements, emphasizing that "stablecoins" are being exploited by criminals as a guise for carrying out illegal fundraising, financial fraud, and other criminal activities, and the po
View Original