The Hong Kong Securities and Futures Commission (SFC) is proposing stricter rules for how virtual asset trading platforms (VATPs) hold and protect cryptocurrencies. These new regulations are part of the SFC’s ASPIRe strategy and are a direct response to the $3 billion in crypto thefts that occurred in the first half of 2025.
The new policy will require VATPs to segregate customer assets and invest in more secure wallet infrastructure. They will also need to undergo regular third-party audits to ensure they are following the rules. While these changes are designed to protect investors, they are also expected to increase the operational costs for licensed platforms. The SFC’s goal is to improve custody standards and enhance asset protection across the virtual asset market.
August 2025, Cryptoniteuae
