The Hong Kong Monetary Authority issued a public alert that Trust Wallet, as referred to on the website identified in the notice, does not hold a licence under the Payment Systems and Stored Value Facilities Ordinance to issue, or facilitate the issue of, a stored value facility in Hong Kong. The alert warns consumers to verify the status of any organisation offering stored value facility services online before transferring funds or providing personal information. The notice points the public to the Hong Kong Monetary Authority's list of stored value facility licensees and says firms claiming to be licensed can be checked against that register. It also advises anyone who has transferred money, conducted a financial transaction, or provided personal information through the website in question to report the matter to the Police or contact the Police's Anti-Deception Coordination Centre.
Hong Kong Monetary Authority2026-07-16
Hong Kong Monetary Authority warns Trust Wallet is not licensed to issue stored value facilities in Hong Kong
The Hong Kong Monetary Authority warned that Trust Wallet, as referenced on a website cited in its alert, is not licensed to issue or facilitate the issue of a stored value facility in Hong Kong. It urged the public to verify licence status before sending funds or personal data and advised affected individuals to report the matter to the Police.