Hong Kong Authorities Launch Joint Task Force to Combat Cryptocurrency Malfeasance Post JPEX Incident

Hong Kong Authorities Launch Joint Task Force to Combat Cryptocurrency Malfeasance Post JPEX Incident



Hong Kong's Securities and Futures Commission (SFC) is partnering with local police to establish a dedicated team to address illicit actions in cryptocurrency trading venues.



Following the JPEX incident, Hong Kong's oversight agencies are intensifying their efforts against malpractice in the crypto domain. In this endeavor, the SFC is uniting with the Hong Kong Police Force (HKPF) to keep a close watch on and probe malfeasances concerning Virtual Asset Trading Platforms (VATPs).



The newly-formed team pools expertise from multiple units of both the SFC and the Hong Kong police, including the Commercial Crime Bureau, the Cyber Security and Technology Crime Bureau, and the Financial Intelligence and Investigations Bureau. This collaborative initiative got the go-ahead on September 28, post a high-level discussion between the SFC and


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #HongKong, #News, #Regulations

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