Tough New SFC Custody Rules Hit Hong Kong Crypto Exchanges

TLDR: SFC introduces minimum custody standards for licensed crypto platforms under its ASPIRe roadmap. New rules target wallet infrastructure, access controls, and senior management oversight. The guidance follows global security breaches and findings from the SFC’s 2025 review. OTC desks and custodians will also face enhanced custody oversight in Hong Kong. Hong Kong is raising [...]

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