{"id":90017,"date":"2026-08-03T09:43:40","date_gmt":"2026-08-03T09:43:40","guid":{"rendered":"https:\/\/bitcoinwisdom.com\/?p=90017"},"modified":"2026-08-03T09:43:40","modified_gmt":"2026-08-03T09:43:40","slug":"hong-kong-to-crack-down-on-money-launderers-using-crypto","status":"publish","type":"post","link":"https:\/\/bitcoinwisdom.com\/tr\/hong-kong-to-crack-down-on-money-launderers-using-crypto\/","title":{"rendered":"Hong Kong, Kripto Kullanarak Kara Para Aklayanlara Kar\u015f\u0131 M\u00fccadele Edecek"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><strong>Hong Kong seeks to address the risks posed by cash-for-crypto shops post-the JPEX scandal.<\/strong><\/li>\n\n\n\n<li><strong>The HK Customs head said it is ramping up international cooperation to crack down on money launderers.<\/strong><\/li>\n\n\n\n<li><strong>She noted that there is \u201calways room to improve the law enforcement and surveillance regime.\u201d<\/strong><\/li>\n\n\n\n<li><strong>Owners of such shops were among the 28 people arrested in the JPEX crypto exchange scandal.<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p>As per a new report, Hong Kong is set to increase its crackdown on money launderers that utilize cryptocurrencies. The authorities are set to address the risks posed by cash-for-crypto shops after the JPEX crypto scandal revealed the vulnerabilities of the regulatory system. The special administrative region (SAR) of China seeks to reduce such activities.<\/p>\n\n\n\n<p>According to a SCMP <a href=\"https:\/\/www.scmp.com\/news\/hong-kong\/law-and-crime\/article\/3238748\/hong-kong-must-address-money-laundering-risks-cryptocurrency-changers-fixing-regulatory-gaps-amid?utm_source=rss_feed\" rel=\"nofollow noopener\" target=\"_blank\">report<\/a>, Louise Ho Pui-shan, the commissioner of the Hong Kong Customs and Excise Department, said the agency is ramping up international cooperation to crack down on money launderers found taking advantage of the anonymity of cryptocurrency transactions. She also added that the SAR has seen an increase in money laundering cases using crypto, especially in large-scale schemes.&nbsp;<\/p>\n\n\n\n<p>While regulator money exchange platforms are under increased regulatory scrutiny by the Hong Kong Customs and Excise Department, the over-the-counter (OTC) cryptocurrency versions are yet to be subjected to any licensing or regulatory framework. Interestingly, owners of such stores were included in the list of 28 people who were responsible for the JPEX crypto exchange scandal.&nbsp;<\/p>\n\n\n\n<p>Some of the owners of these OTCs promoted JPEX\u2019s investment offerings, which the Hong Kong Securities and Futures Commission (SFC) described as \u201ctoo good to be true.\u201d Additionally, Ho noted that, in light of the JPEX scandal, the authorities and \u201crelevant regulatory agencies\u201d were looking into ways of governing such shops.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThere are two aspects to [regulating] these OTC exchange shops. One aspect involves combating money laundering and terrorist financing, and the other is investor protection,\u201d she said while speaking at a television program.&nbsp;<\/p>\n<\/blockquote>\n\n\n\n<p>She said that if the \u201cregulatory regime needs to be improved in the future, both aspects must be taken into account,\u201d while noting there is \u201calways room to improve the law enforcement and surveillance regime.\u201d Meanwhile, the Hong Kong Customs\u2019 Commissioner also did not confirm if it was her department that was tasked with the job of regulatory crackdown.&nbsp;<\/p>\n\n\n\n<p>As reported earlier by BitcoinWisdom, the Hong Kong Monetary Authority (HKMA) recently issued a stern warning to <a href=\"https:\/\/bitcoinwisdom.com\/hong-kong-warns-investors-against-crypto-compan\/\">local investors dealing with cryptocurrency companies<\/a>, especially those who describe themselves as banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong G\u00fcmr\u00fck \u015fefi, kara para aklay\u0131c\u0131lar\u0131 engellemek i\u00e7in uluslararas\u0131 i\u015fbirli\u011fini art\u0131rd\u0131\u011f\u0131n\u0131 s\u00f6yledi.<\/p>","protected":false},"author":21,"featured_media":90019,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[191,12],"tags":[172,1259],"class_list":["post-90017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-talk","category-news","tag-crypto","tag-hong-kong"],"acf":[],"uagb_featured_image_src":{"full":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong.jpg",1200,675,false],"thumbnail":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong-500x330.jpg",500,330,true],"medium":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong-300x169.jpg",300,169,true],"medium_large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong-768x432.jpg",640,360,true],"large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong.jpg",1200,675,false],"2048x2048":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong.jpg",1200,675,false],"trp-custom-language-flag":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Hong-Kong-18x10.jpg",18,10,true]},"uagb_author_info":{"display_name":"Parth Dubey","author_link":"https:\/\/bitcoinwisdom.com\/tr\/author\/parth\/"},"uagb_comment_info":0,"uagb_excerpt":"The Hong Kong Customs head said it is ramping up international cooperation to crack down on money launderers.","_links":{"self":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/posts\/90017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/comments?post=90017"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/posts\/90017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/media\/90019"}],"wp:attachment":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/media?parent=90017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/categories?post=90017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/tags?post=90017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}