Hong Kong Securities and Futures Commission: It will formulate risk assessment criteria for virtual asset cases with the police and conduct weekly in

According to Zheng Dejia, Director of the Regulatory and Enforcement Division of the Hong Kong Securities and Futures Commission, the Commission and the Police have established a working group on virtual asset trading platforms, which has held four meetings in October and November to exchange information on cases and investigations related to virtual platforms at least twice a week. The two sides will formulate guidelines, conduct risk assessments on individual cases, and decide whether to further investigate or enforce. If the Securities and Futures Commission discovers particularly suspicious cases that require rapid enforcement or related actions, it will promptly contact the police to ensure effective coordination between the two sides during the investigation and enforcement period. Zheng added that during the weekly information exchange period, if the Securities and Futures Commission discovers particularly suspicious cases that require rapid enforcement or related actions, it will promptly contact the police to ensure effective coordination between the two sides during the investigation and enforcement period. Regarding the number of victims and amounts involved in the HongKongDAO and BitCuped fraud cases, the Securities and Futures Commission pointed out that the cases are still under investigation and there is no relevant information yet. If other suspicious platforms are discovered in the future and it is deemed necessary to disclose, the Commission will disclose the information as soon as possible. (Hong Kong Economic Times) Yesterday, the Hong Kong Securities and Futures Commission stated that HongKongDAO and BitCuped are suspected of virtual asset fraud.