According to a report by Cointelegraph on June 12, Hong Kong Customs and the University of Hong Kong have reached a collaboration to jointly develop a Crypto Assets trading tracking tool to address the rising cases of digital asset Money Laundering. Customs Assistant Commissioner Wong Ho-yin stated that this initiative aims to combat cross-border financial crime. It was reported that from 2021 to May 2025, Hong Kong recorded 39 significant Money Laundering cases, of which 7 involved Crypto Assets, including a suspicious transaction involving 1.8 billion HKD (, approximately 229 million USD ).