HKMA Warns Against Hong Kong Yunbo Holdings

On December 13, the Hong Kong Monetary Authority declared ‘Hong Kong Yunbo Holdings/Yunbo Holdings 2.0’ as unregulated, warning against unverified stablecoin promotions.

This announcement underscores regulatory vigilance in Hong Kong’s evolving financial landscape, emphasizing the need for public caution regarding unauthorized stablecoin endorsements.

HKMA’s Regulatory Warning on Yunbo Holdings’ Claims

On December 13, the HKMA issued a warning against “Hong Kong Yunbo Holdings/Yunbo Holdings 2.0”, stating that this entity holds no regulatory status with them. HKMA also highlighted that no licenses have been issued yet to any stablecoin issuer. The HKMA emphasizes the absence of issued licenses to stablecoin issuers, urging the public to verify such claims.

HKMA’s warning targets misleading stablecoin promotions, stressing the importance of checking the list of authorized entities. No official stablecoin licenses have been sanctioned in Hong Kong, reinforcing consumer caution.

While no direct market impact has been observed, there are implications for the perceived legitimacy of Hong Kong-based financial products. Industry experts advise vigilance as the regulatory body continues its consumer protection efforts.

Bitcoin Dips 2.07% Amid HKMA Observations

Did you know? HKMA’s past “Scam Alerts” have successfully prevented consumer losses by clearly identifying unregulated entities, contributing to Hong Kong’s robust financial reputation.

As of December 13, 2025, Bitcoin (BTC) trades at $90,345.53 with a market cap of $1.80 trillion and a dominance of 58.75%. Over the last 24 hours, its value decreased by 2.07%. The 24-hour trading volume reached $81.64 billion as reported by CoinMarketCap.

The Coincu research team highlights that HKMA’s firm stance underscores a potential future regulatory framework for stablecoins. With no licenses issued, the focus remains on transparency and regulation, anticipating an official licensing regime. Consumer safety is prioritized amidst evolving fintech landscapes.