Hong Kong central bank warns against crypto firms using banking terms

The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In a press release, the HKMA said that the use…#hkma #hongkong #digitalassetbank #hongkongs #sfc #singapore #usdt
Source: Reuters: Health - Category: Consumer Health News Source Type: news