#HKSFCOrdersBrokersToReplaceOTPLogins Hong Kong’s Securities and Futures Commission (SFC) has instructed licensed brokers to phase out SMS-based one-time password (OTP) logins in favor of stronger authentication methods. This move aims to reduce cybersecurity risks such as SIM-swap attacks and account takeovers while improving the overall security of online trading platforms. For the crypto industry, this signals a broader push toward safer digital asset infrastructure, where robust authentication and investor protection are becoming top priorities. As regulatory standards continue to evolve, exchanges and trading platforms that embrace stronger security measures could gain greater user trust and support long-term market growth.

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