Hong Kong SFC Tightens Custody Standards for Crypto Exchanges Under ASPIRe Roadmap

Hong Kong SFC Tightens Custody Standards for Crypto Exchanges Under ASPIRe Roadmap

Hong Kong’s securities watchdog rolled out new custody requirements for licensed crypto exchanges, reinforcing its pledge to protect client assets as the city advances its bid to become Asia’s digital asset hub.In a circular issued Friday, the Securities and Futures Commission (SFC) set minimum standards for licensed virtual asset trading platforms (VATPs) covering senior management responsibility, cold wallet operations, the use of third-party …

Hong Kong Reacts To Global Crypto Hacks: SFC Sets Stricter Exchange Custody Rules - Coin Surges

Hong Kong’s Securities and Futures Commission (SFC) has rolled out stricter custody rules for licensed crypto exchanges to protect user assets. Hong Kong SFC’s Crypto Custody Overhaul Targets Wallet Weakness In a website announcement, the Hong Kong SFC revealed a new circular addressing minimum custody requirements for all licensed virtual asset trading platforms (VATPs). The document touches on a variety of topics like cold wallet management an…

Hong Kong Enforces New Crypto Custody Rules - Blockchain & Cryptocurrencies Tabloid

Hong Kong issues new crypto custody standards, impacting cold wallets and smart contracts.

Hong Kong issues strict new crypto custody rules for cold wallets

The Hong Kong Securities and Futures Commission imposed instantly effective crypto custody requirements, including a ban on cold wallets using smart contracts.