Posted 1/30/2024, 11:00:42 AM
Floki Inu Blocks Hong Kong Users from Staking Programs After Regulator Warning
- Floki Inu blocked Hong Kong users from its Floki and TokenFi staking programs after regulator warning
- Hong Kong regulator flagged staking programs as “suspicious investment products” due to high return targets
- Floki Inu team added warnings and eligibility checks to comply with regulator
- Team responded that high returns are due to token allocation and market forces
- Token prices unaffected; Floki and TokenFi tokens trading flat or higher