Hong Kong SFC forces crypto platforms to ditch SMS authentication

The post Hong Kong SFC Phases Out OTP Logins for Crypto Platforms appeared on BitcoinEthereumNews.com. Hong Kong’s SFC orders stronger login controls for brokerages and crypto platforms. OTP-based security faces phaseout as phishing and spoofing attacks target accounts. HKCERT recorded 15,877 cyber incidents in 2025, with phishing making up 57%. 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 OTP-Based Account Security The directive applies to internet brokerage firms and SFC-licensed virtual asset trading platform operators. It requires firms to stop depending on one-time passwords for customer login and device binding. The re

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 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 USDT Delisting Revolut: Impact of EU MiCA Regulation appeared on BitcoinEthereumNews.com. Revolut is cutting off access to USDT for customers across the European Economic Area and Switzerland, with the full delisting scheduled to wrap up by August 31, 2026. The decision, driven by the EU’s sweeping Markets in Crypto-Assets Regulation (MiCA), puts Revolut among a growing list of European crypto platforms quietly stepping away from the world’s largest stablecoin — and raises real questions for the millions of users caught in the middle. Key takeaways Revolut will delist USDT for customers in the EEA and Switzerland, with the process completing by August 31, 2026. The delisting follows a review under the EU’s MiCA framework; Tether chose not to seek MiCA authorization. USDT support continues unchanged on Revolut outside the EEA and Switzerland. The delisting of USDT already began on Revolut’s Revolut X trading platform for EEA customers before this announcement. Switzerland is in

Hong Kong's directive enhances crypto security, potentially reducing phishing risks and increasing accountability, impacting global standards. The post Hong Kong regulator orders crypto platforms to implement anti-phishing measures within 12 months appeared first on Crypto Briefing.

The post Hong Kong Regulator Orders New Anti-Phishing Measures for Crypto Platforms appeared on BitcoinEthereumNews.com. The Hong Kong Securities and Futures Commission (SFC) on Thursday issued new requirements for phishing-resistant authentication methods for virtual asset trading platforms (VATPs) and online brokers in the special administrative region. The new standards require stronger phishing-resistant authentication methods and device binding while prohibiting the use of one-time passwords through SMS, email or app-based logins. Platforms must implement the changes within the next 12 months. The requirements outlined stronger alternatives such as passkeys, registered devices with cryptographic verification and hardware security keys, which the SFC described as phishing-resistant solutions. The measures raise Hong Kong’s cybersecurity standards as the global crypto industry saw an increase in phishing attacks and social engineering scams in the first quarter of 2026. Those types

Hong Kong’s regulator has ordered crypto platforms and online brokers to meet newly issued phishing-resistant login requirements within the next 12 months.

The post Tokenized equities surge 105% as Wall Street joins the race appeared on BitcoinEthereumNews.com. Tokenized stock transfers rose 105% over the past month to $8.41 billion, according to RWA.xyz data cited in market reports. The jump shows faster activity in on-chain equity markets as crypto platforms and traditional finance firms expand tokenized stock products. Summary Tokenized stock transfers doubled in one month as on-chain equity demand moved beyond early experiments. DTCC’s tokenization pilot gives Wall Street a regulated path to test on-chain stock settlement. Crypto exchanges and traditional firms now compete to control tokenized stock trading infrastructure worldwide. Tokenized stocks. Source: RWA.xyz The sector’s distributed value also climbed 43% to $2.16 billion. The number of holders rose 17% to more than 409,000, showing that growth came from both transfer activity and user participation. Figure recorded the fastest growth among major platforms, with distributed va