The Hong Kong Monetary Authority (HKMA) issued a public warning on April 28 regarding fraudulent digital tokens circulating under the names of two newly licensed stablecoin issuers. Tokens carrying the tickers “HKDAP” and “HSBC” have appeared in the market without authorization from Anchorpoint Financial Limited or The Hongkong and Shanghai Banking Corporation Limited, both of which received Hong Kong’s inaugural stablecoin issuer licenses on April 10. HSBC confirmed it has no connection to any tokens currently using its name and clarified that its planned Hong Kong dollar-denominated stablecoin remains under preparation for a second-half 2026 launch. When released, the product will be available exclusively through PayMe and the HSBC HK Mobile Banking App. Anchorpoint similarly confirmed it has not released any stablecoin product to the public.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Canada proposes a full ban on crypto ATMs: the highest share of its population in the world, accused of being a conduit for scams
The Canadian Liberal government has proposed a nationwide ban on all crypto ATMs, citing high risks of fraud and money laundering, according to FINTRAC’s internal analysis. With about 4,000 ATMs nationwide—among the most per capita worldwide—and a lack of dedicated regulation, the ban is designed to replace the channel with regulated in-store transaction venues. If it goes through, it would become the first G7 case to ban ATMs, sending a strong signal to the global industry.
ChainNewsAbmedia2h ago
World Liberty Financial Faces Federal Lawsuit Over Asset Freezing Amid Regulatory Scrutiny in April 2026
World Liberty Financial (WLFI), the decentralized finance protocol co-founded by the Trump family, faced a federal lawsuit filed by investor Justin Sun in April 2026, alleging asset freezing and governance manipulation. The legal action coincided with heightened congressional scrutiny regarding the
GateNews3h ago
Judge Kaplan Denies Bankman-Fried New Trial Motion
US District Judge Lewis Kaplan has denied Sam Bankman-Fried's request for a new trial, filing an order Tuesday in the US District Court for the Southern District of New York that rejects claims of new evidence showing the now-bankrupt FTX exchange was solvent. The judge dismissed Bankman-Fried's
CryptoFrontier4h ago
Celsius Founder Mashinsky Settles with FTC, Pays $10M and Faces Permanent Ban on Asset Products
According to ChainCatcher, Celsius founder Alex Mashinsky agreed to settle with the U.S. Federal Trade Commission (FTC) on April 29, paying $10 million and facing a permanent ban on promoting, marketing, or distributing any products or services related to asset deposits, exchanges, investments, or w
GateNews5h ago
US Court Sentences Cartier Descendant to 8 Years for $470 Million Crypto Laundering Scheme
Gate News message, April 29 — A U.S. court has sentenced Maximilien de Hoop Cartier, a descendant of the Cartier luxury jewelry family, to eight years in prison for operating an unlicensed over-the-counter crypto exchange. Prosecutors said the operation moved more than $470 million in drug
GateNews7h ago
South Korea's Financial Commission Refers Two Crypto Market Manipulation Cases to Investigators, API Key Lenders May Face Liability
Gate News message, April 29 — South Korea's Financial Commission decided at its eighth regular meeting to refer two virtual asset market manipulation cases to investigative authorities. The detected manipulation methods combined traditional securities market tactics with API abuse techniques
GateNews8h ago
