Memecoin Floki blocks Hong Kong users from staking programs am | 💠 Binance || Coinbase || Bybit 💠

Memecoin Floki blocks Hong Kong users from staking programs amid regulatory warnings

The Floki Inu cryptocurrency team has ceased Floki and TokenFi staking programs in Hong Kong after the local regulator listed them as “suspicious investment products,” according to its statement. Floki’s comment comes in response to the Securities and Futures Commission’s warning released on Friday. The SFC warned the public of Floki Staking Program and TokenFi Staking Program — both of which claim to offer annual returns of 30% to over 100%, according to the notice.

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