HKMA Warns Public to Stay Alert for Fraudulent Claims Regarding Digital Currency Trials

Wednesday, 20 March 2024, 12:00

The Hong Kong Monetary Authority (HKMA) cautions the public to be vigilant against fraudulent entities falsely claiming involvement in the e-HKD pilot programme. Recent reports reveal attempts by unauthorized parties to deceive individuals by asserting participation in the digital currency trials. The HKMA emphasizes the importance of verifying any such claims before engaging to prevent falling prey to possible scams in this space.
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HKMA Warns Public to Stay Alert for Fraudulent Claims Regarding Digital Currency Trials

Hong Kong Monetary Authority Warns Public

The Hong Kong Monetary Authority (HKMA) has issued a warning to the public regarding fraudulent claims related to digital currency trials.

Be Vigilant Against Deceptive Entities

The HKMA has alerted individuals to exercise caution and thoroughly authenticate any parties asserting involvement in the e-HKD pilot programme.

Recent reports suggest a rise in unauthorized entities falsely proclaiming participation in the pilot programme, prompting the HKMA to take legal action.

  • Verify the Legitimacy: Ensure to verify claims before engaging with any entity purporting connection to digital currency trials.

Educating oneself about the official channels and communications regarding such initiatives can help prevent falling victim to potential scams.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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