The Hong Kong Securities and Futures Commission will collaborate with the police and licensed institutions to use a 24/7 stop-payment mechanism to freeze funds involved in cryptocurrency scams.

GateNews

2026-03-10 12:03:53

Gate News Report, March 10 — Hong Kong Securities and Futures Commission CEO Carrie Lam stated that in 2025, the agency received nearly 900 investment scam complaints, with a quarter related to virtual currencies. The Hong Kong SFC will collaborate with the police, customs, the Hong Kong Monetary Authority, licensed brokers, and virtual asset service providers to establish communication channels with licensed institutions. They will actively cooperate with the police’s Anti-Scam Coordination Center’s “24/7 Stop Payment Mechanism” to freeze transactions involved in scams or high-risk transfers immediately.

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