The Hong Kong Customs and Excise Department (CED) is strengthening its oversight of the cryptocurrency industry in response to concerns about money laundering, terrorist financing, and investor harm. The CED's plans include increasing its focus on over-the-counter (OTC) cryptocurrency exchanges, working with the Securities and Futures Commission (SFC) to develop a more comprehensive regulatory framework for cryptocurrency exchanges, and educating the public about the risks of investing in cryptocurrencies.