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Bitcoinist 2024-11-16 14:00:47

Crypto Firms Posing As Banks Face Scrutiny From Hong Kong Regulator

The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks. The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers. HKMA Cracks Down On Crypto Firms Posing As Banks The HKMA, which also serves as Hong Kong’s central

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