The Hong Kong Securities and Futures Commission has issued new regulations for the custody of virtual asset trading platforms to strengthen asset security for clients.

robot
Abstract generation in progress

On August 15, the Hong Kong Securities and Futures Commission issued a circular to all licensed virtual asset trading platforms, clarifying its requirements for the robust custody of clients' virtual assets, laying a solid foundation for the industry to gradually adopt more advanced custody technologies under the ASPIRe roadmap.

In the latest circular, the Securities Regulatory Commission enumerated several exemplary practices and minimum standards that operators of virtual asset trading platforms should meet, covering aspects such as responsibilities of senior management, infrastructure and operations of customer cold wallets, application of third-party wallets, and real-time threat monitoring. In the future, these standards will also become core regulatory requirements for virtual asset accomplices and will help promote the establishment of an effective virtual asset custody framework in the industry.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
PiOceanvip
· 08-15 06:59
The Hong Kong Securities and Futures Commission has issued a circular to virtual asset trading platforms, clarifying the requirements for customer virtual asset custody, and providing good operational examples and minimum standards, aimed at establishing a robust virtual asset custody framework and promoting technological advancement in the industry.
View OriginalReply0
GasFeeCryervip
· 08-15 05:52
Safety is safety, but how do you say transaction fee?
View OriginalReply0
TopBuyerBottomSellervip
· 08-15 05:51
The Hong Kong Stock Exchange is stable this time!
View OriginalReply0
CompoundPersonalityvip
· 08-15 05:41
The ace finally came out!
View OriginalReply0
StakeHouseDirectorvip
· 08-15 05:40
Everyone's assets are finally secured.
View OriginalReply0
ClassicDumpstervip
· 08-15 05:36
Finally waiting for the regulations.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)