Crypto News

Hong Kong’s securities watchdog rolled out new custody requirements for licensed crypto exchanges, reinforcing its pledge to protect client assets as the city advances its bid to become Asia’s digital asset hub.In a circular issued Friday, the Securities and Futures Commission (SFC) set minimum standards for licensed virtual asset trading platforms (VATPs) covering senior management responsibility, cold wallet operations, the use of third-party wallet solutions and real-time threat monitoring.The move comes after the regulator’s targeted review earlier this year found “inadequacies” in some current exchanges' cybersecurity and custody controls. The guidelines also form the basis of expectations for virtual asset custodians more broadly. By coupling product expansion with hard rules on asset protection, Hong Kong is looking to differentiate itself...

NVIDIA introduces the Granary dataset and models designed to improve speech recognition and translation across 25 European languages, addressing data scarcity in AI language models. (Read More)Source link

Brazil has unveiled a series of countermeasures to soften the blow that national producers will have to endure as the Trump Administration imposes a 50% tariff regime on exports to the U.S. The measures do not include enacting reciprocal levies, as President Lula stated that these could worsen the already strained bilateral relations. Brazil DirectsSource link

BitMEX announces a major datacentre migration from AWS Dublin to AWS Tokyo on August 23, 2025, aiming to enhance market liquidity. (Read More)Source link

The Hong Kong Monetary Authority alerts the public about fraudulent websites impersonating Alipay Financial Services, urging caution and immediate reporting. (Read More)Source link