Tokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issued Hong Kong’s central bank warned that tokens using the tickers HKDAP and HSBC are circulating even though no licensed stablecoins have been introduced. The Hong Kong Monetary Authority said the tokens have no connection to authorized issuers, and that licensed applicants have not yet issued any regulated stablecoins. Regulators urged the public to rely only on official communica…
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