Hong Kong Monetary Authority Cautions Public Over Overseas Crypto Firms Posing As ‘Banks’

The post Hong Kong Monetary Authority Cautions Public Over Overseas Crypto Firms Posing As ‘Banks’ appeared first on Coinpedia Fintech News The Hong Kong Monetary Authority, in its latest press release, has cautioned the public about certain crypto firms that are posing as banks. This comes as local regulators intensify efforts to combat fraud amid the region’s push to establish itself as a crypto hub. It noted two overseas crypto firms that are not licensed banks …