On Friday (15 September), the Hong Kong Monetary Authority (HKMA) warned against cryptocurrency companies misusing the word bank when describing their services. The regulator highlighted that these firms mislead users who think these companies are HKMA-certified. The watchdog clarified, “Only licensed banks, restricted license banks, and deposit-taking companies (authorized institutions), which have been granted a The post Hong Kong regulator warns against crypto companies misusing the term ‘banks’ appeared first on Invezz .
