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      tldr; Hong Kong’s Securities and Futures Commission (SFC) has introduced stricter custody standards for licensed virtual asset trading platforms (VATPs) to protect client assets and address cybersecurity vulnerabilities. The new rules include robust cold-wallet infrastructure, private key controls, third-party assessments, and 24/7 security monitoring. These standards will serve as the baseline for a future licensing regime for standalone virtual asset custodians, aiming to foster a trusted digital asset ecosystem.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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