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Morning Edition · Saturday, July 11, 2026Published at 1:31 AM EDT · New York
Hong Kong Gives Crypto Platforms a Year to Drop One-Time Passwords or Cover Losses
The Securities and Futures Commission wants phishing-resistant login and device binding by July 2027, with monitoring duties applying immediately.
Hong Kong's Securities and Futures Commission (SFC) is requiring licensed crypto platforms to replace one-time passwords with phishing-resistant login and device binding by July 8, 2027, and it is telling platforms they may have to cover us…
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