Hong Kong SFC Phases Out OTP Logins for Crypto Platforms

Hong Kong’s market regulator has moved against rising account impersonation risks, ordering internet brokerages and licensed virtual asset platforms to strengthen customer authentication. The Securities and Futures Commission (SFC) said the measure targets spoofing, stolen login data, and fraudulent device binding, all of which can expose customers to fast-moving account takeovers. SFC Moves Brokerages Beyond […] Read The Full Article Hong Kong SFC Phases Out OTP Logins for Crypto Platforms On Coin Edition.