Hong Kong Monetary Authority: Has no relation with the platform "Hong Kong Yunbo Holdings/Yunbo Holdings 2.0", beware of stablecoin scams

2025-12-13 03:03:20

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Odaily Planet Daily News: The Hong Kong Monetary Authority (HKMA) has issued a risk warning once again, pointing out that a platform called “Hong Kong Yunbo Holdings/Yunbo Holdings 2.0” claims to have related cooperation with the HKMA, falsely claiming that the HKMA, as a technical and financial guidance authority, provides on-chain stablecoin frameworks, cross-border clearing models, and constructs a secure financial-grade node system to support the platform. The HKMA firmly states that it has no relation to this and that the relevant platform is not regulated by the HKMA. Currently, no licenses have been issued to any stablecoin issuers. If someone promotes stablecoins, the public must stay alert. If it is suspected to be a scam or if victims are identified, they should immediately contact the Hong Kong police or relevant mainland authorities.

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