Hong Kong’s SFC sets new custody standards for crypto trading platforms

The Hong Kong Securities and Futures Commission has issued guidelines aimed at safeguarding client digital assets. These new standards emphasize secure wallet operations and oversight, correcting vulnerabilities identified during recent audits.

Dr. Eric Yip highlighted that prioritizing client asset protection is essential for developing a competitive digital ecosystem in Hong Kong. These measures are designed to ensure that virtual asset trading platforms maintain high standards of security.

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