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Crypto Firms Mislead Public With 'Bank' Claims, Hong Kong Central Bank Warns

The Hong Kong Monetary Authority (HKMA) has issued a stern warning to cryptocurrency firms against using the term "bank" or describing their products as "deposits." ....

Hong Kong , Public Enquiry Service , Hong Kong Monetary Authority , Digital Assets , Crypto Bear Market , Banking Ordinance , Hong Kong Deposit Protection , Enquiry Service ,

Hong Kong's Central Bank Warns Crypto Firms Misrepresenting Themselves As Banks

Hong Kong's Central Bank Warns Crypto Firms Misrepresenting Themselves As Banks
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Hong Kong , Hong Kong Monetary Authority , Public Enquiry Service , Hong Kong Deposit Protection , Enquiry Service , Banking Ordinance ,