Hong Kong Security Bureau cooperates with virtual asset platforms to establish a "stop payment mechanism" to combat fraud

According to Foresight News, according to Hong Kong Wireless News, Hong Kong Security Director Deng Bingqiang said that the number of fraud cases using virtual assets to collect frauds has increased. The Security Bureau has established a virtual asset intelligence working group to cooperate with the virtual asset platform to establish a "stop payment mechanism" for fraud cases. Deng Bingqiang added that some fraud cases used to be remittances through banks, but now they are retried through virtual asset platforms, and virtual asset service providers must have mechanisms. If a fraud is found to occur and the money is still in the virtual asset platform, it should be like the banking system, and the payment should be stopped first.
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