HKMA Cautions Crypto Firms on Misusing ‘Bank’ Label The HKMA warned against unauthorized use of the term “bank” by crypto firms, emphasizing legal action and consumer protection. The Hong Kong Monetary Authority (HKMA) has issued a severe warning to cryptocurrency firms, advising them to avoid the…

The HKMA warned against unauthorized use of the term “bank” by crypto firms, emphasizing legal action and consumer protection. The Hong Kong Monetary Authority (HKMA) has issued a severe warning to cryptocurrency firms, advising them to avoid the exploitation of the… #Crypto #BankLabel #cryptofirms