H.K. Group Sets Up Crypto Fraud And Asset Recovery Network

A group comprised of regulators, lawyers and accountants in Hong Kong formed a chapter of the Crypto Fraud and Asset Recovery network to strengthen the city’s fraud detection, digital asset regulation and dispute resolution, according to a statement.

• Among the seven founding members are senior counsel Laurence Li, the chairman of the Financial Services Development Council, and Donald Day, a former SFC virtual asset policy expert: Statement
• The increase in digital assets and related illicit activity is driving a sizable increase in disputes and court cases in Hong Kong: Statement
  • By June 2022, the value of digital assets stolen in ...