Home Cryptocurrency Hong Kong SFC rolls out new custody standards for crypto platforms

Hong Kong SFC rolls out new custody standards for crypto platforms

Hong Kong SFC authority has unveiled new guidelines for how licensed crypto platforms handle customer funds, warning that recent failures overseas show the risks of weak custody controls. A new circular issued on August 15 by the Hong Kong SFC…

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Dramatic Surge in Bitcoin Millionaires Pushes Bitcoin Hyper to Nearly $18M

Recent data shows that the number of Bitcoin millionaires is climbing at...

Top features to look for in a crypto-trading broker: From fees to user experience

Choosing the right crypto-trading broker impacts profitability, security, and user experience, influencing...

Canton Network taps Chainlink as super validator, integrates oracles and CCIP

Chainlink has integrated its data services and crosschain protocol into the institutional...

Japan’s policy shifts helped it double crypto adoption: Chainalysis

Chainalysis APAC policy lead Chengyi Ong says favorable policy and taxes helped...