Hong Kong Enhances Security Measures for Virtual Asset Ecosystem

According to PANews, the Hong Kong Police Force's Cyber Security and Technology Crime Bureau has released an update on the security maintenance of the city's virtual asset ecosystem. Chief Superintendent Lam Cheuk-ho emphasized the shared responsibility among exchanges, regulatory bodies, and law enforcement agencies in ensuring security. The bureau has collaborated with the University of Hong Kong to develop CryptoTrace, a virtual asset analysis tool designed to provide advanced intelligence and investigative support for crime investigation units. Additionally, a new anti-fraud team has been established in the New Territories South region.