Key Notes

The SFC has sent out strict custody expectations to licensed virtual asset trading platforms.

The regulator claims that this rule was curated for the protection of crypto users and their assets.

It had earlier introduced a plan with 12 steps to improve security and attract more investors, among other benefits.аа.

Hong Kong markets regulator, the Securities and Futures Commission (SFC), has outlined strict expectations for all licensed virtual asset trading platforms (VATPs) in the region. The goal is to ensure the robust custody of client virtual assets, in order to lay a solid foundation for the crypto industry’s transition to more advanced technologies under the “ASPIRe” roadmap.

Hong Kong’s SFC Focuses on Users’ Asset Protection

The stricter custody expectations of the

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