Hong Kong Monetary Authority Issues Risk Warning

The Hong Kong Monetary Authority has once again issued a risk warning, stating that a platform named "Hong Kong Yunbo Holdings/Yunbo Holdings 2.0" claims to have a partnership with the Hong Kong Monetary Authority. It falsely asserts that the Hong Kong Monetary Authority, as a technical and financial guidance unit, provides the platform with an on-chain stablecoin framework, cross-border clearing model, and support for building a financial-grade node security system. The Hong Kong Monetary Authority firmly declares that it has no relationship with this platform and that the relevant platform is not regulated by the Monetary Authority. Currently, no licenses have been issued to any stablecoin issuers. If anyone promotes stablecoins, the public must remain vigilant. If it is discovered that they are targets or victims of a scam, they should immediately contact the Hong Kong police or relevant authorities in the mainland.