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HKMA Warns of Fake HSBC and HKDAP Tokens After Stablecoin License Rollout

2026-04-30 18:12:53

The Hong Kong Monetary Authority warned that tokens using the HSBC and HKDAP names are fraudulent and not linked to any licensed stablecoin issuer in the region. HSBC and Anchorpoint Financial separately said they have not launched stablecoins in Hong Kong. The warning followed Hong Kong’s first stablecoin issuer licenses for the two firms earlier this month.

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