Fake Hong Kong Stablecoins Start Trading as Real Ones Remain Absent

Fake Hong Kong stablecoins start trading as real ones remain absent

Tokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issued

HKMA Warns of Fake Stablecoins as Licensed Issuers Have Yet to Launch Tokens

The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flagging tokens that falsely claim association with licensed issuers Anchorpoint Financial and HSBC. The regulator stated that no authorised entities issue or connect to tokens operating under the tickers “HKDAP” and “HSBC.” Both Anchorpoint and HSBC have confirmed they have not launched any regulated stablecoins in the market at this …

HKMA Warns Investors of Fraudulent HSBC and Anchorpoint Stablecoins

HKMA, HSBC, and Anchorpoint Financial have warned users about fake stablecoins circulating under the tickers “HKDAP” and “HSBC.” The regulators clarified that no official tokens have been launched yet and urged users to rely only on authorised channels.

STABLECOINS | Fake Unregulated Stablecoins Are Already Trading in Hong Kong Post-Licensing

Counterfeit cryptocurrencies are already circulating in Hong Kong even as the city’s first regulated stablecoins have yet to launch, regulators warned this week. The Hong Kong Monetary Authority (HKMA) said tokens using tickers such as “HKDAP” and “HSBC” are being marketed as if they are linked to licensed issuers, despite no approved stablecoins currently in circulation. The warning comes as Hong Kong rolls out its new stablecoin regime, introd…

Hong Kong Central Bank Flags Fake HSBC Tokens Circulating Ahead of Launch - Invest In Crypto News

Key Takeaways: Hong Kong warned unauthorized tokens are misusing names of licensed stablecoin issuers. HSBC and Anchorpoint denied links to tokens labeled HKDAP and HSBC. Users should rely on official announcements as regulated stablecoin issuance has not begun. Hong Kong Flags Misuse of Stablecoin Issuer Names Hong Kong’s central bank warned on April 28, 2026, that unauthorized stablecoin claims are emerging around licensed issuers, with HSBC a…

Hong Kong Central Bank Flags Fake HSBC Tokens Circulating Ahead of Launch

Hong Kong’s central bank warned that fraudulent tokens claiming links to HSBC and licensed issuers are circulating, even though no regulated stablecoins have been issued in the market. Key Takeaways: Hong Kong warned unauthorized tokens are misusing names of licensed stablecoin issuers. HSBC and Anchorpoint denied links to tokens labeled HKDAP and HSBC. Users should […]