Hong Kong Customs collaborates with the University of Hong Kong to develop a cryptocurrency tracking tool to address the rising number of money laundering cases related to digital assets. Customs Assistant Commissioner Mario Wong Ho-yin stated that from 2021 to May 2025, 39 major money laundering cases were recorded, of which 7 involved cryptocurrencies, including one case involving a transaction of HK$1.8 billion (approximately US$229 million), leading to the arrest of 3 individuals. Wong emphasized the complexity of cross-border crime and the need for collaboration between academia and law enforcement agencies. (Cointelegraph)