Gate News message, April 29 — The Hong Kong Monetary Authority issued a public alert warning residents to be vigilant about fraudulent tokens claiming to be associated with licensed stablecoin issuers. Fake tokens using ticker symbols “HKDAP” and “HSBC” have appeared in the market, but these are not issued by any licensed stablecoin issuer and have no affiliation with them.
The alert specifically referenced notices from Anchore FinTech Limited and HSBC Hong Kong, noting that both licensed stablecoin issuers have confirmed they have not issued any regulated stablecoins to date. The public should remain alert to any fraudulent schemes or scams claiming association with licensed issuers or their stablecoins.
The HKMA advised the public to consult official announcements from licensed issuers if they have questions and to purchase or use stablecoins only through regulated channels.
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