Hong Kong warns against crypto firms misrepresenting as ‘bank’
- Posted on November 15, 2024
- By Cointelegraph
- 3 Views
Hong Kong warns against crypto firms misrepresenting as ‘bank’
HKMA warns about unlicensed crypto firms misusing the term "bank," violating Hong Kong's Banking Ordinance and misleading consumers.Hong Kong's central bank said that two overseas crypto companies represented themselves as banks in Hong Kong.
