Hong Kong's Securities and Futures Commission Clarifies Robust Custodial Standards to Safeguard Customer Virtual Assets

By: theblockbeats.news|2025/08/15 13:12:01
0
Share
copy

BlockBeats News, August 15th, Today, the Hong Kong Securities and Futures Commission issued a circular to all licensed virtual asset trading platforms, clarifying its requirements for secure custody of client virtual assets, laying a solid foundation for the industry to adopt more advanced custody technology in a systematic manner under the ASPIRe roadmap.

In the latest circular, the Commission cited several examples of good practices and minimum standards that virtual asset trading platform operators should meet, covering the responsibilities of senior management, the infrastructure and operation of client cold wallets, the use of third-party wallets, and real-time threat monitoring, among other aspects. In the future, these standards will also become the core regulatory requirements for virtual asset custodians and help drive the industry to establish an effective virtual asset custody framework. (Golden Finance)

You may also like

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Stripe and PayPal are shifting from payment tools to AI business infrastructure, competing to become the default engine for AI transactions.

Popular coins

Latest Crypto News

Read more