Summary:
- This article discusses the new custody rules introduced by the Hong Kong Securities and Futures Commission (SFC) for cryptocurrency exchanges operating in the region.
- The new rules require crypto exchanges to hold client assets in a secure, audited, and insured custody solution, which aims to protect investors and prevent hacks or theft.
- The article also mentions that these regulations are part of Hong Kong's efforts to become a global hub for cryptocurrency and blockchain technology, as the city aims to attract more crypto businesses and investments.