The post Hong Kong gives crypto platforms one year to ditch one-time passwords or cover user losses appeared on BitcoinEthereumNews.com.
Hong Kong crypto platforms have until July 8, 2027, to ditch one-time passwords for client logins and device registration under new security rules. By then, licensed virtual asset service providers and internet brokers must use authentication that can resist phishing for client logins and the registration or binding of devices, according to a July 9 circular. The regulator said one-time passwords, or OTPs, do not meet that standard and should not be used for those two processes. The rule applies only when clients log in or link a new device, leaving other OTP uses unchanged. Firms do not have to make existing clients rebind devices that are already linked. Large internet brokers are expected to deploy the stronger methods immediately, while the broader group has a 12-month implementation period. Related Reading Hong Kong approves 4 new crypto trading
The post HSBC Launches Blockchain Structured Notes in Hong Kong. appeared on BitcoinEthereumNews.com.
HSBC completes its first digitally native structured product issuance using blockchain technology in Hong Kong. Marketnode supports tokenisation and payments, improving structured product efficiency for institutions. The pilot highlights Hong Kong’s growing focus on blockchain-based capital markets innovation. HSBC has completed its first blockchain-based issuance of a digitally native structured product in Hong Kong. The pilot involved US dollar-denominated notes and tested blockchain technology for faster issuance, settlement, and servicing for institutional investors. HSBC Tests Tokenized Structured Product Issuance HSBC issued the structured notes through a private placement, marking its first digitally native structured product using blockchain infrastructure. The transaction was supported by Marketnode, which acted as the tokenisation agent and digital paying agent. Through the p
HSBC completes its first digitally native structured product issuance using blockchain technology in Hong Kong. Marketnode supports tokenisation and payments, improving structured product efficiency for institutions. The pilot highlights Hong Kong’s growing focus on blockchain-based capital markets innovation. HSBC has completed its first blockchain-based issuance of a digitally native structured product in Hong Kong. The […]
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The post Binance EU withdrawals reveal MiCA regulation impact appeared on BitcoinEthereumNews.com.
When Binance pulled its MiCA license application in Greece and suspended EU services ahead of the July 1 regulatory deadline, European regulators may have expected users to migrate toward licensed, compliant crypto platforms. The data on Binance EU withdrawals tells a different story — and it raises uncomfortable questions about what MiCA is actually achieving on the ground. Key takeaways 70% of EU user funds withdrawn from Binance after the service suspension moved to self-custodied wallets, outside any regulatory oversight. Only 30% of withdrawn funds transferred to licensed, MiCA-regulated crypto platforms. Binance co-CEO Richard Teng argued this pattern raises serious questions about whether MiCA reduces user risk or inadvertently amplifies it. Binance withdrew its MiCA application in Greece due to approval delays, with founder Changpeng Zhao citing “political forces” as a factor. Des
The post LTP Launches the World’s First AI Agent Live Trading Championship — 200+ Teams, $300K+ in Prizes appeared on BitcoinEthereumNews.com.
LTP today announced Liquidity Arena 2026, the world’s first live quantitative trading championship built specifically for AI agents and autonomous trading systems. With kickoff on July 20, the competition has already drawn 200+ registered teams globally, backed by 20+ academic and institutional partners, 20+ media partners, and multiple quantitative platforms and communities — making it the largest AI-native trading event to date. The bottleneck for AI agents in trading has never been the model — it’s the infrastructure. Multi-asset execution, real liquidity, institutional-grade clearing: that’s what serious autonomous trading requires, and that’s exactly what LTP was built to provide. Liquidity Arena is the live test. — Jack Yang, Founder & CEO at LTP Proven Infrastructure, Real Stakes Liquidity Arena runs on LTP’s institutional-grade stack — p
The post LTP Launches the World’s First AI Agent Live Trading Championship — 200+ Teams, $300K+ in Prizes appeared on BitcoinEthereumNews.com.
Hong Kong, July 10th — LTP today announced Liquidity Arena 2026, the world’s first live quantitative trading championship built specifically for AI agents and autonomous trading systems. With kickoff on July 20, the competition has already drawn 200+ registered teams globally, backed by 20+ academic and institutional partners, 20+ media partners, and multiple quantitative platforms and communities — making it the largest AI-native trading event to date. “The bottleneck for AI agents in trading has never been the model — it’s the infrastructure. Multi-asset execution, real liquidity, institutional-grade clearing: that’s what serious autonomous trading requires, and that’s exactly what LTP was built to provide. Liquidity Arena is the live test.” — Jack Yang, Founder & CEO at LTP Proven Infrastructure, Real Stakes Liquidity Arena runs on LTP’s inst
The post Hong Kong Crypto Phishing Regulation Mandates Phishing-Resistant Logins appeared on BitcoinEthereumNews.com.
Crypto investors in Hong Kong are about to see the way they log into trading platforms change dramatically. The Hong Kong Securities and Futures Commission has issued sweeping new Hong Kong crypto phishing regulation requirements, ordering all virtual asset trading platforms and online brokers in the city to eliminate one-time passwords and replace them with stronger, phishing-resistant login methods — all within 12 months. Key takeaways The SFC has banned OTP-based logins via SMS, email, and app-based methods for crypto platforms and online brokers, with a 12-month implementation deadline. Approved alternatives include passkeys, registered devices with cryptographic verification, and hardware security keys. Phishing attacks and social engineering scams caused $306 million in losses across the crypto industry in Q1 2026 alone, out of total losses of $482 million. Counte
The post HSBC’s Pioneering Blockchain Move Brings New Era to Finance appeared on BitcoinEthereumNews.com.
HSBC has achieved a significant milestone by issuing its first digital structured products using blockchain, marking an innovative leap for finance in Hong Kong. These US dollar-denominated bonds were distributed and maintained via blockchain networks under a private institutional placement, symbolizing a fusion of traditional finance with modern digital tokenization in the region. Continue Reading:HSBC’s Pioneering Blockchain Move Brings New Era to Finance Source: https://en.bitcoinhaber.net/hsbcs-pioneering-blockchain-move-brings-new-era-to-finance
The post Hong Kong Crypto Security Tightens With OTP Ban appeared on BitcoinEthereumNews.com.
Hong Kong’s push to strengthen crypto security just took a concrete and consequential step. The city’s Securities and Futures Commission has issued a circular banning one-time password logins across all crypto trading platforms and internet brokers — a direct response to a phishing epidemic that is quietly draining user accounts and overwhelming the region’s cybersecurity infrastructure. Key takeaways Hong Kong’s SFC has banned SMS, email, and app-based OTP logins for crypto platforms and internet brokers, requiring passkeys or other phishing-resistant methods instead. Operators have a 12-month deadline to comply; large brokers must act immediately. Hong Kong recorded 15,877 cybersecurity incidents in 2025 — a 27% jump from the prior year — with phishing accounting for 57% of cases. Senior management at licensed platforms now face direct personal liability for client losses tied to weak authen
