Hong Kong Crypto Phishing Regulation Mandates Phishing-Resistant Logins
The post Hong Kong Crypto Phishing Regulation Mandates Phishing-Resistant Logins appeared on BitcoinEthereumNews.com. Crypto investors in Hong Kong are about to see the way they log into trading platforms change dramatically. The Hong Kong Securities and Futures Commission has issued sweeping new Hong Kong crypto phishing regulation requirements, ordering all virtual asset trading platforms and online brokers in the city to eliminate one-time passwords and replace them with stronger, phishing-resistant login methods — all within 12 months. Key takeaways The SFC has banned OTP-based logins via SMS, email, and app-based methods for crypto platforms and online brokers, with a 12-month implementation deadline. Approved alternatives include passkeys, registered devices with cryptographic verification, and hardware security keys. Phishing attacks and social engineering scams caused $306 million in losses across the crypto industry in Q1 2026 alone, out of total losses of $482 million. Counte