The creators of the meme-inspired cryptocurrency Floki (CRYPTO: FLOKI) have addressed concerns raised by Hong Kong’s Securities and Futures Commission (SFC) by making adjustments to their token staking program, which had been identified as a potentially risky investment.
What Happened: The Floki team implemented specific measures aimed at Hong Kong, including explicit warnings on both Floki and TokenFi’s staking websites, notifying Hong Kong citizens of their ineligibility to participate.
"Clear disclaimers were implemented on Floki and TokenFi staking sites to notify Hong Kong citizens of their ineligibility for participation. Precautions have been taken to actively block Hong Kong residents from participating in these staking programs," the Floki team said in a ...