The Hong Kong Monetary Authority calls on the public to be vigilant and be careful of certain overseas crypto-asset institutions that are not licensed banks in Hong Kong. They claim to be "banks" in Hong Kong, or use the word "bank" when describing their products or services. These actions may have violated the Banking Ordinance. The HKMA reminds the public that crypto-asset institutions that are not authorized institutions in Hong Kong are not regulated by the HKMA. The fact that an overseas crypto-asset institution has the word "bank" in its name, or an overseas "crypto bank" claims to have been licensed elsewhere, does not necessarily mean that it is a licensed bank in Hong Kong. In addition, products or services with the word "bank" in their names are not necessarily provided by licensed banks in Hong Kong.