The Hong Kong Securities Regulatory Commission clarifies stable custody standards to virtual asset trading platforms to ensure the security of customers' virtual assets

According to Foresight News, according to Jinshi, the Hong Kong Securities Regulatory Commission today issued a circular to all licensed virtual asset trading platforms to clarify their requirements for robust custody of customers' virtual assets, laying a solid foundation for the industry to adopt more advanced custody technologies in the sequence under the ASPIRe roadmap. In the latest circular, the CSRC listed a number of good operating examples and the minimum standards that operators of virtual asset trading platforms should meet, covering the responsibilities of senior management, the infrastructure and operations 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 industry to establish an effective virtual asset custodian framework.
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