Hong Kong Tightens Crypto Custody Rules to Bolster Investor Protection

BTCC / BTCC Square / Global Cryptocurrency /

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2025-08-15 08:59:02

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Hong Kong's Securities and Futures Commission (SFC) has introduced stringent new custody requirements for licensed VIRTUAL asset trading platforms (VATPs), marking a significant step in the city's push to establish itself as Asia's premier digital asset hub. The rules mandate robust safeguards including cold wallet management protocols, real-time threat monitoring systems, and clear senior management accountability.

The regulatory move follows a targeted review revealing cybersecurity weaknesses in existing exchange operations. By enforcing these standards, Hong Kong aims to create a competitive advantage over Singapore's more restrictive approach to retail crypto services while addressing critical infrastructure vulnerabilities identified in its ASPIRe strategy framework.

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