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Hong Kong Monetary Authority: No Relationship with 'Hong Kong Cloud Park Holdings/Cloud Park Holdings 2.0' Platform, Caution Against Stablecoin Scams

Summary: Following rumors, the Hong Kong Monetary Authority has once again issued a risk warning, pointing out that a platform named 'Hong Kong Cloud Park Holdings/Cloud Park Holdings 2.0' falsely claims to have a partnership with the Hong Kong Monetary Authority, stating that the Authority provides on-chain stablecoin framework, cross-border settlement model, and financial-grade node security ...

Following rumors, the Hong Kong Monetary Authority has once again issued a risk warning, pointing out that a platform named 'Hong Kong Cloud Park Holdings/Cloud Park Holdings 2.0' falsely claims to have a partnership with the Hong Kong Monetary Authority, stating that the Authority provides on-chain stablecoin framework, cross-border settlement model, and financial-grade node security system support as a technical and financial guidance unit. The Hong Kong Monetary Authority firmly declares no relationship with them and states that the platform is not regulated by the Authority. No licenses have been issued to any stablecoin issuers yet. If anyone promotes stablecoins, the public must remain vigilant. If anyone suspects being targeted by a scam or is a victim, they should immediately contact the Hong Kong police or relevant mainland authorities.

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