Daniel from Improve Press
To
increase efforts towards unlawful actions within the realm of Digital Asset Buying and selling
Platforms (VATPs), the Securities and Futures Fee (SFC) has established
a devoted working group in collaboration with the Hong Kong Police Pressure
(HKPF).
The
creation of this working group adopted a high-level assembly between the 2
organizations on September 28, 2023. Comprising representatives from the HKPF’s
Industrial Crime Bureau, Cyber Safety and Know-how Crime Bureau, Monetary
Intelligence and Investigations Bureau, in addition to the SFC’s Enforcement
Division and Intermediaries Division, this partnership is poised to boost
vigilance and enforcement within the digital asset buying and selling sphere.
The
goals of the working group are as follows:
Facilitate
Data Sharing:
The group goals to streamline the change of knowledge associated to suspicious
actions and breaches related to VATPs. This collaborative effort will
allow swift responses to rising threats.
Danger
Evaluation:
Implementing a mechanism to evaluate the dangers posed by suspicious VATPs is a key
focus. This proactive strategy will support in figuring out and mitigating potential
points promptly.
Enhanced
Coordination:
The working group is devoted to enhancing coordination and collaboration in
investigations linked to digital asset buying and selling platforms. By pooling assets
and experience, the partnership seeks to safe the regulatory framework
surrounding VATPs.
Safeguarding
Traders within the Digital Asset Buying and selling Sector
Eve Chung, Assistant Commissioner of Police (Crime), expressed the importance
of this new collaboration, stating: “The implementation of the brand new
platform between the Police and the SFC is instrumental to fast-tracking important
intelligence change and joint collaboration in responses to the challenges
arising from VATPs, in order to raised shield most of the people of Hong
Kong.”
This
partnership marks a major step ahead within the battle towards illicit actions
inside the digital asset buying and selling
sector. It underscores the dedication of regulatory and regulation enforcement authorities
in Hong Kong to safeguard buyers and preserve the integrity of the monetary ecosystem.
Christopher Wilson, the SFC’s Government Director of Enforcement, emphasised the
longstanding cooperation between the SFC and the Police and the prospects of
even nearer collaboration.
He
famous: “We now have all the time valued our working relationship with the Police and
we look ahead to our even nearer collaboration in deploying our respective
experience and assets in combatting problematic VATPs and defending the
pursuits of buyers.”
To
increase efforts towards unlawful actions within the realm of Digital Asset Buying and selling
Platforms (VATPs), the Securities and Futures Fee (SFC) has established
a devoted working group in collaboration with the Hong Kong Police Pressure
(HKPF).
The
creation of this working group adopted a high-level assembly between the 2
organizations on September 28, 2023. Comprising representatives from the HKPF’s
Industrial Crime Bureau, Cyber Safety and Know-how Crime Bureau, Monetary
Intelligence and Investigations Bureau, in addition to the SFC’s Enforcement
Division and Intermediaries Division, this partnership is poised to boost
vigilance and enforcement within the digital asset buying and selling sphere.
The
goals of the working group are as follows:
Facilitate
Data Sharing:
The group goals to streamline the change of knowledge associated to suspicious
actions and breaches related to VATPs. This collaborative effort will
allow swift responses to rising threats.
Danger
Evaluation:
Implementing a mechanism to evaluate the dangers posed by suspicious VATPs is a key
focus. This proactive strategy will support in figuring out and mitigating potential
points promptly.
Enhanced
Coordination:
The working group is devoted to enhancing coordination and collaboration in
investigations linked to digital asset buying and selling platforms. By pooling assets
and experience, the partnership seeks to safe the regulatory framework
surrounding VATPs.
Safeguarding
Traders within the Digital Asset Buying and selling Sector
Eve Chung, Assistant Commissioner of Police (Crime), expressed the importance
of this new collaboration, stating: “The implementation of the brand new
platform between the Police and the SFC is instrumental to fast-tracking important
intelligence change and joint collaboration in responses to the challenges
arising from VATPs, in order to raised shield most of the people of Hong
Kong.”
This
partnership marks a major step ahead within the battle towards illicit actions
inside the digital asset buying and selling
sector. It underscores the dedication of regulatory and regulation enforcement authorities
in Hong Kong to safeguard buyers and preserve the integrity of the monetary ecosystem.
Christopher Wilson, the SFC’s Government Director of Enforcement, emphasised the
longstanding cooperation between the SFC and the Police and the prospects of
even nearer collaboration.
He
famous: “We now have all the time valued our working relationship with the Police and
we look ahead to our even nearer collaboration in deploying our respective
experience and assets in combatting problematic VATPs and defending the
pursuits of buyers.”
