Hong Kong Monetary Authority clarifies lack of cooperation with Yunbo Holdings and stablecoin licensing status

The HKMA clarified that “Hong Kong Yunbo Holdings/Yunbo Holdings 2.0” is not regulated and has no relationship with the authority.

As of the current date, the HKMA has not issued any licenses for stablecoins, urging the public to remain cautious.

Individuals are encouraged to verify the details of stablecoin promotions against the HKMA’s list of regulated institutions available on its official website.