The Hong Kong Securities Supervision Commission today issued a circular to all licensed virtual asset trading platforms to clarify their requirements for robust custody of clients' virtual assets, laying a solid foundation for the industry to adopt more advanced custody technologies under the ASPIRe roadmap.
In the latest circular, the Securities Supervision Commission listed a number of examples of good practices and minimum standards that virtual asset trading platform operators should meet, covering the responsibilities of senior management, the infrastructure and operation of customer cold wallets, the application of third-party wallets, and real-time threat monitoring. In the future, these standards will also become the core regulatory requirements for virtual asset custodians and help promote the establishment of an effective virtual asset custody framework in the industry. (Jin Ten)
Hong Kong Securities Supervision Commission clarifies robust custody standards for virtual asset trading platforms to ensure the safety of customers' virtual assets
2025-08-15 04:40:03
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