Hong Kong SFC Gives Crypto Platforms 1 Year to Ditch SMS OTPs
The Hong Kong SFC is forcing licensed exchanges to replace one-time passwords with cryptographic 2FA, and the liability shift is the part exchanges are reading closely.
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The Hong Kong SFC is forcing licensed exchanges to replace one-time passwords with cryptographic 2FA, and the liability shift is the part exchanges are reading closely.
The 12-month deadline lands as spoofing attacks climb at Hong Kong-licensed platforms; the move redefines the authentication baseline every retail-facing venue must meet.
The launch positions Hong Kong alongside London, New York, and Shanghai as a potential pricing hub, and reframes the city's role in the broader Asian commodities corridor at a moment of record…
Three of Japan's largest banks — MUFG, Sumitomo Mitsui Banking Corporation (SMBC) and Mizuho — are moving to jointly…
The week's Asia-crypto pulse runs through Japan and Korea: a yen-pegged stablecoin push, a won stablecoin issuer alliance, and a Coinbase INR rail all landed in the same seven-day window.
Hong Kong has enlisted JPMorgan and HSBC as anchor members of a new expert group tasked with scaling the city's…
Hong Kong is accelerating its push to become Asia's leading digital asset hub, expanding across three fronts…
The framework mirrors securities oversight under the "same business, same risks, same rules" doctrine — completing the final leg of Hong Kong's digital asset regime before a 2026 legislative push.
Anchorpoint Financial, OSL Group, and Futu-backed PantherTrade completed a transfer test of the HKD-pegged HKDAP on Ethereum mainnet, with phased issuance slated for end of Q2.
A gold-backed stablecoin trading under the ticker $USDKG has entered Hong Kong's regulated crypto market through a…
Hong Kong's largest licensed venue adding a perp-native Layer 1 is a distribution read: Asia-regulated capital gets a fiat rail into Hyperliquid's on-chain order book for the first time.