The Hong Kong Monetary Authority (HKMA) has no connection with the "Hong Kong Yunbo Holdings/Yunbo Holdings 2.0" platform and warns against stablecoin scams.

Odaily Planet Daily reports that the Hong Kong Monetary Authority (HKMA) has issued another risk warning, pointing out that a platform called "Hong Kong Yunbo Holdings/Yunbo Holdings 2.0" claims to have a collaboration with the HKMA, falsely claiming that the HKMA, as the technical and financial guidance unit, provides the platform with on-chain stablecoin frameworks, cross-border clearing models, and support for building a financial-grade node security system. The HKMA solemnly declares that it has no relationship with this platform and that it is not regulated by the HKMA. The HKMA has not yet issued any licenses to stablecoin issuers. The public must remain vigilant if anyone promotes stablecoins, and if they discover they are a target of a scam or a victim, they should immediately contact the Hong Kong Police Force or relevant mainland authorities.