Hong Kong police executed a major operation against a money laundering syndicate, arresting 12 individuals and seizing illicit funds amounting to 118 million yuan. This operation, which spanned from July 2024 to May 2025, involved over 500 bank accounts and highlighted the role of crypto exchanges in these illegal activities.
Despite concerns over its use in illicit activities, Bitcoin leads the cryptocurrency market with a market cap of 2.05 trillion USD and a price of 102,968.77 USD. Hong Kong’s commitment to enhancing regulatory measures aims to combat the misuse of cryptocurrencies, reinforcing its financial resilience.
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