HKMA Alerts Public To Fraudulent Claims Regarding E-HKD Pilot Programme

The Hong Kong Monetary Authority (HKMA) advises the public to exercise caution following reports of entities falsely claiming involvement in the e-HKD Pilot Programme.

These entities have promoted e-HKD-related investment opportunities to attract investors under pretenses.

The HKMA will officially announce all participants of the e-HKD Pilot Programme through its authorised channels. The public is encouraged to consult the HKMA’s official list of participating firms for accurate information.

It is important to note that legitimate participating firms in the e-HKD Pilot Programme and other HKMA-operated “sandbox” programmes are prohibited from soliciting funds from the public or offering any investment products linked to these initiatives.

In light of these fraudulent claims, the HKMA has taken prompt action by reporting the incidents to the Hong Kong Police for further investigation. The Authority urges individuals to report any dubious activities related to the e-HKD Pilot Programme.

The HKMA remains vigilant in its efforts to protect the public and the integrity of its digital currency initiatives from fraudulent exploitation.

Featured image credit: Edited from Freepik

RECENT NEWS

Is Hong Kongs Default Life Insurance Choice A Wealth Drain?

Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more

RedotPay Secures $107M Series B, Total Funding Hits $194M

RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more

91% Of Hong Kong Merchants Lose Revenue To Payment Friction

Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more

Do Kwon Faces Possible Trial In Korea After US Conviction

Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more

Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin

Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more

KakaoBank Expands In Indonesia Through Superbank Partnership

KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more