The Hong Kong Police Force and the Securities and Futures Commission are working together in a crypto-focused task force aiming to combat illicit crypto exchange activities.
The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange.The Hong Kong Police Force and the Securities and Futures Commission have set up a crypto-focused working group to deal with illicit crypto exchange activities., the SFC said the group was formed after a meeting with the HKPF on Sept. 28 amid continuing arrests and developments in connection to the Dubai-based JPEX exchange.
Eve Chung, HKPF’s Assistant Commissioner of Police , said the working group is instrumental in exchanging intelligence and jointly responding to “challenges arising from VATPs, to better protect the general public of Hong Kong.”
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