Floki Yields Scrutiny from Hong Kong Regulators, Responds by Blocking Users and Adding Warnings
• Floki team responding to Hong Kong regulator SFC warning about its staking program • Taking steps to address concerns - blocking HK users, pausing marketing there, warning notices • High APY sustained by unique rewards system, not VCs or presales • SFC warned of risks of unregulated crypto deposit/savings platforms in December • SFC said virtual asset "deposits" not the same as bank deposits, no protections