Hong Kong SFC to issue compliance circulars for crypto platforms by end of 2026
CIE News ·
Based on reporting by The Guardian; not yet independently confirmed.
Hong Kong's SFC plans to issue new circulars for licensed virtual asset platforms by the end of 2026, focusing on platform reserves, cold wallet storage, and cybersecurity standards.
Hong Kong Securities and Futures Commission Executive Director Eric Yip announced during Hong Kong FinTech Week that new circulars for licensed virtual asset platforms will be issued by the end of 2026. The incoming regulatory guidance will set expectations for platform reserves, cold storage protocols, and cybersecurity requirements. According to Yip, the framework aims to mitigate operational risks and maintain intermediary compliance following recent security breaches across the international cryptocurrency sector.
Key facts
- SFC circulars due by end of 2026
- Focus on cold storage protocols
- Covers platform reserve rules
- Applies to licensed platforms
Read the original at The Guardian