The Hong Kong government is sharpening its knives against pigs and sheep, unlicensed wild firms are trembling, licensed big firms are repairing walls overnight—this wave of regulatory knives targets the breeches in risk control!
1. What's the problem? Why is the regulator so anxious?
The HK SFC slammed the table: Recently, there have been many customer complaints about 'accounts being secretly ordered by dog traders' and 'coins being emptied by mouse warehouses'! Can this be tolerated? Directly ordering all licensed institutions (brokerages/asset management, and our licensed exchanges!) to immediately upgrade their risk control firewalls, focusing on preventing three types of unscrupulous tactics:
Account hacking and coin theft (hacker database breaches, phishing SMS)
Employees acting mischievously (traders using customer money to gamble on shanzhai coins)
Backstabbing by acquaintances (wife using husband's account to liquidate positions for revenge🌚)
Brother Crow's blood and tears experience: Before a certain exchange's withdrawal last year, my fan 'Old Li's account was privately ordered by customer service to buy air coins at midnight, resulting in a loss of 600,000 HKD! There was no way to complain, and now these new regulations are a punishment for such scams!
2. Is there a major earthquake in the crypto circle? Analyzing the three major shocks!
Install security doors!
Licensed platforms must now:
Secondary verification for transactions: Large transfers? Face recognition + SMS + email trifecta!
Monitoring of operations: Employees touching customer accounts? The system automatically alarms!
Set a cooling-off period: Sudden password changes + large transfers? Freeze for 24 hours first!
Brother Crow's sharp comments: Security has been genuinely upgraded, but in the future, to rush for shanzhai coins, verification will be required three times, making the quick-fingered very anxious!
Heavy Hammer: The Doomsday Countdown for Wild Chickens!
The new regulations superficially protect licensed platforms, but in reality, they serve as a warning to others! Can unlicensed wild places bear this risk management cost? Either spend money to comply or roll out of Hong Kong! The risks of small firms going bust and fleeing have greatly increased!
Crow's friend Xiao Zhao: Singapore implemented similar policies last year, and within 3 months, 30 small firms were shut down!
Heavy Hammer: The leeks have weapons for compensation!
The harshest is this: If a licensed platform's risk control negligence leads to coin theft, they must compensate! Previously, suing exchanges was like hitting cotton with a fist, now it’s directly slapping the SFC's new regulations in the face!
Brother Crow's perspective: Good news for legitimate investors, but be wary of exchanges shifting costs—withdrawal fees are rising, rising, rising warning!
3. How can retail investors avoid the knife? Brother Crow's three-character mantra for avoiding traps!
Choose firms and recognize licenses: Open the SFC official website to check licenses! No VASP license? Beware it's a Ponzi scheme!
Account hard lock: Enable withdrawal whitelist + hardware key verification! Don't complain it's troublesome!
Don't trust 'customer service' private messages: Real customer service would never privately ask for verification codes!
Brother Crow's soul-searching question: With compliance costs skyrocketing, will licenses become the new sickle for cutting leeks? Let's see the truth in the comments!
Anti-burst surprise: Want to know which Hong Kong platforms have secretly laid off staff and reduced risk control? Click the 'Crow Alert' button to subscribe for insider information
$BTC #币安Alpha上新
I am Brother Crow, trust institutions, take a walk in paradise; trust the crow, let money roll in the grave. If you want to know the latest news or consult, and don't know what an effective breakthrough point is, you can click to follow, Brother Crow will guide you step by step so you won't get lost! If I can't do it, feel free to wake me up in the comments section!