Regulatory Updates - Hong Kong SFC issued new guidance to strengthen virtual asset trading platforms' custody standards [1] - The guidance addresses global security incidents and gaps found in a recent review [1] - The circular outlines minimum requirements for wallet infrastructure, access controls, and management oversight [1] - These requirements form part of the SFC's ASPIRe roadmap [1]

On July 29, the Bank of Korea announced an organizational restructuring, officially establishing a“Virtual Asset Team”and renaming the“Digital Currency Research Office”to the“Digital Currency Office”to strengthen regulatory oversight and policy response capabilities for the Korean won stablecoin and other virtual asset markets. https://t.co/niK3KYFv8L ...