TechFlow, October 10 — According to Hong Kong Radio, the Hong Kong Police Force announced the establishment of a "Virtual Asset Intelligence Task Force" in collaboration with the Customs Department, financial regulators, and licensed virtual asset service providers. The task force aims to strengthen public-private collaboration networks through intelligence sharing and coordination mechanisms, enhancing capabilities to respond to virtual asset-related crimes and associated cybersecurity threats.
At the launch ceremony, Police Commissioner Raymond Siu revealed that during the first eight months of this year, a total of 1,463 virtual asset-related cases were recorded. While the number of cases decreased by 16% compared to the same period last year, the total financial loss reached HK$2.27 billion, marking a 5% increase year-on-year.
