The Hong Kong Securities and Futures Commission (SFC) has introduced new regulations for crypto custody, bolstering oversight of digital asset trading platforms in the region. These updates aim to establish a more secure environment within Hong Kong’s push toward becoming a global crypto hub. 🎧 Exchanges must now segregate customer assets from their own holdings, a crucial step to prevent commingling and safeguard investor capital. The SFC has also mandated enhanced protection for private keys through multi-layered security measures, regular audits, and defined internal controls. Failure to comply with these requirements could result in license revocation or suspension.