Hong kongs regulator deals a startling blow to shiba inu shib rival flokihong kongs #shorts

Altcoins, Ripple, XRP
Hong Kong’s Securities and Futures Commission issues a warning against Floki Inu (FLOKI), a Shiba Inu (SHIB) competitor. The regulator cautions against unauthorized staking programs offering annualized returns of 30-100%. China’s regulatory body also warns against virtual asset ‘pledge’ arrangements. The scrutiny raises concerns about Floki Inu’s future and highlights authorities’ efforts to protect investors from potentially risky schemes.

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