Hong Kong Monetary Authority (HKMA) warns: overseas crypto companies are misusing the word "bank" to boost trust. 🚨

- Two firms are misleading consumers by presenting themselves as banks.

- This is a violation of Hong Kong banking laws.

- HKMA reminds: only licensed banks can use the term "bank".

- Be careful: such companies are not regulated by the HKMA and may not be licensed in Hong Kong.