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Hong Kong Securities and Futures Commission warns: two "golden Tokens" are not recognized, investment should be cautious.
The Hong Kong Securities and Futures Commission recently issued risk warnings regarding two digital token products. These two products are called “Goldpay Token(GPT)” and “Gold Receipt(GR)”, claiming to be linked to physical gold.
But here's the point: neither of these products has received approval from the Hong Kong Securities and Futures Commission, which means they cannot be legally sold to the public. Regulatory authorities specifically remind investors to stay vigilant and not to be fooled by so-called “golden endorsements”.
After all, in a highly regulated area like Hong Kong, publicly raising funds without a license poses obvious risks. Everyone should be cautious before investing.
This kind of thing is just high-level pyramid selling, how can they still brag about golden endorsements without a license? Hilarious.
Hong Kong dares to openly play people for suckers, what else is there to think about in other places?
Gold-backed? Laughable, in the end, it will just backstab.
Hong Kong doesn't even allow sales, who dares to touch it? Such guts.
GPT and GR are operating without a license, isn't this the usual operation?
Every day claiming to be gold-linked, but the real gold is in the exchange.
Daring to raise funds without a license, there are indeed a lot of crazy people these days.
No wonder the Hong Kong Securities and Futures Commission has come out to call them out; it really should raise some alarms.
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Why are the names GPT and GR so casual... Even the Hong Kong Securities and Futures Commission has called them out, and yet there are still people willing to buy the dip?
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Gold backing can indeed be misleading, but the lack of a license is already fatal.
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I’ve said it before, anything flashy without regulatory verification is useless.
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Interesting, now even gold is being tokenized... But without the approval of the Securities and Futures Commission, this trade is too risky.
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It's just another trap with a change of horses; after the gold concept is hyped up, what will they switch to next?
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Good reminder, these types of projects look tempting but come with full risks, brother.