Hong Kong Launches New Cryptocurrency Tracing Tool to Combat Crime

Hong Kong’s Cyber Security and Technology Crime Bureau (CSTCB) has introduced a cutting-edge cryptocurrency tracing tool called CryptoTrace, marking a significant step in combating rising digital asset-related crime. Developed in partnership with the University of Hong Kong, CryptoTrace provides investigators with advanced intelligence and investigative support for cases involving virtual assets. The bureau held training sessions to ensure frontline officers are equipped to investigate crypto-linked offenses.