Kenix mentioned there is a significant growth in crypto scam cases over the past year, with the amount involved ranging from a few hundred thousand to a few million HKD. Many such cases involve fake crypto investment schemes. A lack of regulation in cryptocurrencies in Hong Kong, as well as the anonymous nature of crypto transactions, makes it difficult for victims to retrieve their losses.
Kenix also pointed out that it is difficult to make and enforce regulations on crypto transactions due to its decentralised nature, which makes them difficult to be tracked.
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