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Nalezeno "Banking Ordinance": 2
Hong Kong warns against crypto firms misrepresenting as ‘bank’
15.11.2024
Hong Kong’s central bank said that it’s illegal for unlicensed companies to represent themselves as banks in Hong Kong.
Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance
21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...