TechFlow News, April 29: According to disclosure by the Hong Kong Monetary Authority (HKMA), tokens using the tickers “HKDAP” or “HSBC” have appeared in the market; however, these tokens are not issued by licensed stablecoin issuers and bear no association with such issuers.
The HKMA urges the public to remain vigilant and refer to official statements issued by Anchor Point Fintech Limited and The Hongkong and Shanghai Banking Corporation Limited regarding this matter. To date, both licensed stablecoin issuers have confirmed that they have not yet launched any regulated stablecoins in the market.
The HKMA reminds the public to stay alert against any fraudulent activities claiming affiliation with licensed entities or their issued stablecoins. Should any doubts arise, members of the public should consult the official announcements issued by the two licensed entities and purchase or use stablecoins exclusively through regulated channels.
