Fake Hong Kong stablecoins start trading as real ones remain absent

Fake Hong Kong stablecoins start trading as real ones remain absent

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailFake Hong Kong stablecoins start trading as real ones remain absentTokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issuedBy Sam Reynolds|Edited by Sheldon Reback Apr 29, 2026, 10:06 a.m. Make preferred on Hong Kong (Ryan McManimie/UnsplashWhat to know: Hong Kong’s central bank warned that tokens using the tickers HKDAP and HSBC are circulating even though no licensed stablecoins have been introduced.The Hong Kong Monetary Authority said the tokens have no connection to authorized issuers, and that licensed applicants have not yet issued any regulated stablecoins.Regulators urged the public to rely only on official communications and regulated channels, as the first Hong Kong

Source: https://www.coindesk.com/policy/2026/04/29/fake-hong-kong-stablecoins-start-trading-as-real-ones-remain-absent