Hong Kong SFC orders crypto platforms, online brokers to phase out OTP logins
The Block·
60-second summary
The Hong Kong SFC is ordering internet brokers and crypto platforms to phase out one-time password (OTP) logins within 12 months due to a 57% surge in spoofing incidents.
Hong Kong SFC orders internet brokers, crypto platforms to replace OTP logins with passkeys within 12 months following 57% spoofing surge.