The Hong Kong Customs and Excise Department has teamed up with the University of Hong Kong to develop a cryptocurrency transaction tracking tool to tackle the growing number of digital asset money laundering cases. Assistant Commissioner of Customs and Excise Wong Ho-yin said the move was aimed at cracking down on cross-border financial crimes.
Between 2021 and May 2025, Hong Kong reportedly recorded 39 major money laundering cases, seven of which involved cryptocurrencies, including one suspicious transaction involving 1.80 billion Hong Kong dollars (about 229 million U.S. dollars).
Hong Kong Customs has teamed up with the University of Hong Kong to develop a cryptocurrency tracking tool
2025-06-12 14:13:26
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
