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The Hong Kong Securities and Futures Commission plans to collaborate with the police and licensed institutions to use the "24/7 payment halt mechanism" to freeze fraudulent funds
By: rootdata|2026/03/10 20:43:30
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The CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated that the agency has received nearly 900 complaints about investment fraud, with a quarter related to virtual currencies.
The Hong Kong Securities and Futures Commission will collaborate with the police, customs, the Monetary Authority, as well as licensed brokers and virtual asset service providers (licensed entities) to establish communication channels with licensed entities and actively cooperate with the police's anti-fraud coordination center's "24/7 payment halt mechanism" to immediately freeze transfers involved in fraud or high risk.
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