Hong Kong Securities and Futures Commission: Established a joint task force with the Hong Kong Police Force to monitor and investigate illegal activities involving virtual assets

2024-06-19 12:53:22

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ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) today published its "2023-24 Annual Report," which mentions that in order to more promptly combat fraudulent activities related to suspicious virtual asset trading platforms, the SFC established a joint task force with the Hong Kong Police Force in October 2023 to monitor and investigate illegal activities involving or appearing to involve virtual assets or virtual asset trading platforms.

The SFC has issued press releases and social media posts to include suspicious entities on a warning list and held press briefings to alert the public to 19 cases of suspected fraud related to virtual asset trading platforms and unlicensed virtual asset trading platforms. Through joint efforts, the police have responded to the SFC's requests and quickly taken action to block the websites of the suspected fraudulent entities.

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