๐จ Crypto Comedy Alert! ๐จ
- The Hong Kong Monetary Authority (HKMA) is playing the role of crypto sheriff, warning citizens about overseas crypto companies masquerading as "banks."
- Apparently, two crypto firms thought they could sneak in as banks, but the HKMA was quick to say, "Not so fast, crypto cowboys!"
- The HKMA reminded everyone that using the term "bank" without a license is as illegal as trying to pay for dim sum with Monopoly money.
- So, folks, if a crypto company claims to be a bank, remember: not all that glitters is gold, and not every "bank" is a bank!