HKMA Alerts Public to Fraudulent Claims Regarding e-HKD Pilot Programme
by Fintech News Hong Kong March 20, 2024The 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
