Hong Kong Monetary Authority: Beware of tokens claiming to be associated with licensed stablecoin issuers

The Hong Kong Monetary Authority has issued a notice urging the public to remain vigilant and pay attention to the press releases issued by Anchor Point Financial Technology Limited and HSBC Hong Kong, which involve tokens claiming to be related to licensed stablecoin issuers.

Tokens using "HKDAP" or "HSBC" as codes have appeared in the market, but these tokens are not issued by licensed stablecoin issuers and have no relation to the issuers. So far, both licensed stablecoin issuers have stated that they have not issued any regulated stablecoins in the market. The public should be alert to any fraudulent activities or scams claiming to be related to the licensees or the stablecoins they issue. If in doubt, the public should refer to the official announcements of the two licensees. The public should also purchase or use stablecoins through regulated channels.

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