BTCC
/
BTCC Square
/
CryptoAdventure
/
Hong Kong Cracks Down: New Custody Rules for Crypto Exchanges Demand Higher Security
Hong Kong Cracks Down: New Custody Rules for Crypto Exchanges Demand Higher Security
19
3
Hong Kong’s financial watchdog just turned up the heat on crypto exchanges—licensed ones, anyway. Stricter custody standards are rolling out, forcing platforms to lock down client assets like Fort Knox. Or at least try to.
No more cutting corners. The Securities and Futures Commission (SFC) wants cold wallets, multi-sig setups, and regular audits. Because nothing says 'trust us' like proving you’re not gambling with customer funds.
Will it work? Maybe. But let’s be real—since when has regulation stopped crypto’s wild ride? Just ask the guys who still think 'not your keys, not your crypto' is a suggestion.
By:
