Hong Kong Regulator Orders New Anti-Phishing Measures for Crypto Platforms

The post Hong Kong SFC forces crypto platforms to ditch SMS authentication appeared on BitcoinEthereumNews.com. The Hong Kong Securities and Futures Commission has ordered licensed crypto trading platforms and online brokers to replace SMS-based authentication with phishing-resistant login methods within the next 12 months. Summary Hong Kong’s SFC has banned SMS-based authentication for licensed crypto platforms and online brokers. Firms have 12 months to adopt phishing-resistant login methods such as passkeys and hardware security keys. The move comes as phishing scams accounted for $306 million in crypto losses during Q1 2026. According to the Hong Kong Securities and Futures Commission (SFC), virtual asset trading platforms (VATPs) and online brokers must stop relying on one-time passwords delivered through SMS, email, or app-generated codes and instead adopt stronger authentication systems that are harder for attackers to compromise. The regulator announced the new cybersecurity re

The Hong Kong Securities and Futures Commission has ordered licensed crypto trading platforms and online brokers to replace SMS-based authentication with phishing-resistant login methods within the next 12 months. According to the Hong Kong Securities and Futures Commission (SFC), virtual…

The post Hong Kong Enforces Stricter Cybersecurity Measures for Crypto Platforms appeared on BitcoinEthereumNews.com. The Hong Kong Securities and Futures Commission (SFC) has tightened security regulations for virtual asset trading platforms and online brokerages, aiming to strengthen defenses against phishing attacks. This shift prohibits SMS, email, and app-based one-time passwords as authentication methods and provides industry players with a 12-month deadline to meet these newly reinforced security protocols. Continue Reading:Hong Kong Enforces Stricter Cybersecurity Measures for Crypto Platforms Source: https://en.bitcoinhaber.net/hong-kong-enforces-stricter-cybersecurity-measures-for-crypto-platforms

The post HKMA, PBOC Back New Trading Platform to Bolster Hong Kong FIC Markets appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 08, 2026 10:06 The PBOC, HKMA, and SFC are spearheading a new electronic fixed income and currency trading platform in Hong Kong to enhance market efficiency and RMB internationalisation. The People’s Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA), and the Securities and Futures Commission (SFC) have jointly announced plans to develop an electronic fixed income and currency trading platform (FIC Trading Platform) in Hong Kong. The initiative aims to strengthen financial cooperation between Hong Kong and Mainland China while reinforcing Hong Kong’s role as a global financial hub and offshore RMB centre. The platform, a collaboration between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX), reflects efforts to modernise Hong Kong’s market infrastructure. By adhering to inter

The post Colombia Crypto Market Faces Stricter Bank Checks After SFC Update appeared on BitcoinEthereumNews.com. Colombia’s SARLAFT update increases checks on digital asset transactions for banks. Banks review crypto-linked transfers more closely under updated SFC compliance tools. P2P crypto traders face more scrutiny when using local bank transfers and records. Colombia is strengthening financial risk oversight after the Superintendencia Financiera de Colombia updated its SARLAFT supervisory tools. The updated module is aimed at supervised entities and may increase compliance scrutiny around transactions linked to digital asset platforms. The SFC said the update applies to supervised financial entities. It is aimed at compliance officers, risk managers, and officials handling money laundering and terrorist financing controls. Colombia Crypto Transfers Face Tighter Checks The agency said the tools are also available to public entities, private firms, citizens, and other interested par