Members of the Hong Kong Legislative Council urge the establishment of a Web3 and virtual asset development group to allow supervision and development to proceed in parallel

Odaily reported that in the past month since the JPEX unlicensed operation case occurred, more than 2,500 victims have reported the case, involving an amount of approximately HK$1.57 billion. Hong Kong Legislative Council member Ng Kit-chuang met with the government authorities today and expressed the need to strengthen cross-border cooperation and strengthen regional publicity and education. Law enforcement officials should also strengthen communication with relevant departments such as the Securities and Futures Commission, banks and telecommunications companies. He also pointed out that a major private anti-fraud alliance will be established in the future, and proposed at the Legislative Council House Committee to establish a Web 3.0 and virtual asset development group as soon as possible to achieve dual-track supervision and support for industry development. (Eastern Network)