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Hong Kong Issues Stablecoin Fraud Alert Over Fake HSBC, HKDAP Tokens

Hong Kong Issues Stablecoin Fraud Alert Over Fake HSBC, HKDAP Tokens

2026-04-29

Hong Kong Issues Stablecoin Fraud Alert Over Fake HSBC, HKDAP TokensThe Hong Kong Monetary Authority (HKMA) warned of stablecoin fraud after fake tokens linked to licensed issuers appeared in the market. Authorities said these tokens misuse names like HSBC and HKDAP, even though no regulated stablecoins have launched yet. The Hong Kong Monetary Authority issued the alert after detecting unauthorized tokens in circulation. It said […]

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