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Hong Kong central financial institution warns towards crypto corporations utilizing banking phrases
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Hong Kong central financial institution warns towards crypto corporations utilizing banking phrases

The Hong Kong Financial Authority (HKMA) has issued a warning to customers that crypto companies presenting themselves as banks and utilizing banking terminology might be violating the area’s banking legal guidelines.  In a press launch, the HKMA mentioned that utilizing sure banking phrases could also be deceptive the general public, inflicting customers to assume that...