Hong Kong Securities and Futures Commission (SFC) today published an announcement on its official website, reminding the public that StableStock and HabitTrade offer cryptocurrency-based subscriptions for Hong Kong stock IPOs, but neither of these firms holds the relevant licenses.


Recently, the Hong Kong stock IPO market has been very active due to low barriers to entry and support for stablecoins, attracting many people around me to StableStock.
It’s estimated that this wave has encroached on the traditional brokerage firms’ territory and has been reported.
After checking the relevant regulations, if accountability is pursued, the penalties could be quite severe.
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