HKMA Issues Public Warning Over Digital Currency Impersonation Scams

The Hong Kong Monetary Authority has been flooded with public inquiries regarding suspicious lending schemes falsely claiming association with the "Digital Hong Kong Dollar." These operations lure individuals with promises of converting loans into digital HK dollar assets.

Official Denial: No Connection Whatsoever

The HKMA moved swiftly to debunk these claims. The authority issued a stern clarification, stating that these fraudulent lending protocols have absolutely no relation to its operations. It reiterated that it never contacts individuals regarding personal financial matters or initiates fund transfers.

Understanding the Legitimate Pilot Programs

To aid public identification, the HKMA outlined the scope of its authentic initiatives:

  • All companies selected for the "Digital HK Dollar" pilot are conducting technical trials within a regulated environment.
  • Participants in the HKMA's sandbox programs are expressly prohibited from raising public funds under the scheme's name.
  • These official projects do not involve offering any wealth management or investment products to the public.

Legal Steps and Public Advisory

Considering the severity, the HKMA has formally reported the incident to the Hong Kong Police. The authority urges the public to remain vigilant.

If you have shared personal information on any related suspicious website or mobile app, or suspect you may have been defrauded, immediate action is crucial. Contact the Hong Kong Police directly or reach out to the Criminal Headquarters Information Centre at 2860 5012. Protecting your personal and financial security is paramount.