Hong Kong’s SFC sets new custody standards for crypto trading platforms — TradingView News
Hong Kong’s Securities and Futures Commission (SFC) has issued a circular to all licensed virtual asset trading platforms (VATPs) outlining minimum standards and good practices for safeguarding client digital assets.
The measures, introduced under the “Safeguard” pillar of the SFC’s ASPIRe roadmap, respond to recent findings from the regulator’s targeted review and a string of high-profile custody failures on overseas platforms. These incidents have exposed weaknesses in wallet infrastructure, transaction verification processes, and access controls.
By setting clear expectations in areas such as senior management accountability, secure cold wallet operations, third-party wallet oversight, and real-time threat monitoring, the SFC…
