BlockBeats news, on August 15, the Hong Kong Securities and Futures Commission today issued a circular to all licensed virtual asset trading platforms, clarifying its requirements for robust custody of customer virtual assets, laying a solid foundation for the industry to gradually adopt more advanced custody technologies under the ASPIRe roadmap.
In the latest circular, the Securities and Futures Commission (SFC) listed several good operational examples and the minimum standards that virtual asset trading platform operators should meet, covering aspects such as the responsibilities of senior management, the infrastructure and operations of customer cold wallets, the application of third-party wallets, and real-time threat monitoring. In the future, these standards will also become core regulatory requirements for virtual asset custodians and will help promote the establishment of an effective virtual asset custody framework in the industry. (Jin Shi)
