#HKSFCPlansToRestrictCryptoAndExchangeTerms
Hong Kong’s Securities and Futures Commission (SFC) is expanding its crypto rules to cover all major services. Under a new legislative plan, firms that handle crypto buying, custody, advisory, and asset management must get licensed. Regulators are also removing multi-factor one-time passwords (OTPs) by forcing platforms to adopt passkeys to stop phishing. Unlicensed firms will have to close, ensuring stronger protection for users while making Hong Kong a tightly regulated global digital asset hub.
$BTC $ETH $SOL
Hong Kong’s Securities and Futures Commission (SFC) is expanding its crypto rules to cover all major services. Under a new legislative plan, firms that handle crypto buying, custody, advisory, and asset management must get licensed. Regulators are also removing multi-factor one-time passwords (OTPs) by forcing platforms to adopt passkeys to stop phishing. Unlicensed firms will have to close, ensuring stronger protection for users while making Hong Kong a tightly regulated global digital asset hub.
$BTC $ETH $SOL
