Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve coordination between the government agencies in similar investigations in the future.
Hong Kong’s Financial Watchdog Announces Working Group on Crypto Exchanges Amid JPEX Probe
The Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) of China’s special administrative region have established a dedicated working group to improve collaboration between the authorities in efforts to monitor and investigate illicit and illegal activities linked to Virtual Asset Trading Platforms (VATPs), or cryptocurrency exchanges.
The unit has been set up after a high-level meeting of the two agencies on Sept. 28, the SFC announced Wednesday. Its members represent the HKPF’s Commercial Crime Bureau, Cyber Security and Technology Crime Bur
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