HKMA Warns of Fake Hong Kong Stablecoins Like “HKDAP,” Says No Licensed Issuers Yet

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HKMA flags fake stablecoins like “HKDAP” in circulation Unauthorized tokens falsely claim links to institutions such as HSBC First stablecoin licenses issued to HSBC and Anchorpoint Financial No officially regulated stablecoins have been launched to the public yet Investors…



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