Internet reports that Hong Kong Customs and the University of Hong Kong have reached a cooperation to jointly develop a cryptocurrency transaction tracking tool to deal with the growing number of digital asset money laundering cases. Huang Haoxian, Assistant Commissioner of Customs, said the move is aimed at combating cross-border financial crime. According to reports, between 2021 and May 2025, Hong Kong recorded 39 major money laundering cases, of which 7 involved cryptocurrencies, including a suspicious transaction involving HK$1.8 billion (approximately US$229 million).