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The Hong Kong Monetary Authority warns against false stablecoin claims, reiterating that sales must be approved by providers
The HKMA today issued a statement warning of the recent use of the HKMA logo by criminals to publish promotional leaflets on stablecoin sales. The HKMA reiterates that with the commencement of the Stablecoin Ordinance on August 1, stablecoin sales must be carried out by licensed stablecoin issuers, corporations holding Type 1 licenses of the Securities Supervision Commission, virtual asset trading platforms, banks or licensees of stored value facilities. Currently virtual assets over the counter...
2025-08-08 15:59:32
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