Hong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’
CAT
1 min read
The Hong Kong Monetary Authority (HKMA) has cautioned the public to remain vigilant against foreign crypto firms falsely presenting themselves as banks, according to a Nov. 15 notice. The regulator revealed that some overseas crypto firms are portraying themselves as banks to gain the trust of Hong Kong users. Many of these entities operate without […]
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Hong Kong watchdog issues warning about foreign entities pretending to be crypto ‘banks’
