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## SFC Issues Urgent Warning About Fake Trading Platforms in Hong Kong
The Hong Kong Securities and Futures Commission has just announced a list of illegal operators, including the "Hong Kong Stablecoin Exchange." According to the announcement, this entity has impersonated to create the impression of close ties with legitimate Hong Kong exchanges to deceive investors.
### Details of the Warning
Operators of the "Hong Kong Stablecoin Exchange" have used impersonation strategies to create false credibility. They claim to be affiliated with officially licensed trading platforms, thereby attracting investors to trust Hong Kong dollars and other digital assets.
### Investor Protection Measures
The SFC continues to strengthen oversight of illegal platforms operating in the cryptocurrency market. Inspection mechanisms are in place to identify licensed exchanges and distinguish them from unlicensed or impersonating platforms. Investors should exercise extreme caution when trading Hong Kong dollars or other stablecoins on unverified platforms.
### Advice for Investors
Before participating in trading on any platform, investors should check the SFC’s list of approved platforms. Verifying the license to operate is an essential step to protect personal assets from potential scams in the cryptocurrency field.