The HKMA warned the public about fraudulent tokens falsely claiming ties to licensed stablecoin issuers. Tokens using the tickers “HKDAP” and “HSBC” were specifically identified as unauthorized and fraudulent. Both Anchorpoint Financial and HSBC confirmed they have not yet released any regulated stablecoins. The Hong Kong Monetary Authority (HKMA) issued a high alert on fraudulent … Continue reading Hong Kong Warns of Fake Tokens Posing as HSBC’s Stablecoin