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cyber risks rules compliance. New rules in Hong Kong

Top Hong Kong trading companies informed their customers on upcoming changes of security and rules on **cyber risks**. These changes were released by the **Securities and Futures Commission (SFC)**. As of April 27th, 2018, **two-factor authentication will become obligatory for every company that provides trading services in Hong Kong**. Such brokers as Monex Boom, Z.com, Phillip Securities (H...

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FINMA provides guidelines on "stablecoin"

...ndition, the payment system license would not be granted to the applicant. Payment systems in Switzerland adhere to international standards prescribed in the Principles for Financial Market Infrastructures (PFMI) and, beyond that, PFMI also cover cyber risks management. As any other Swiss payment system, ‘stablecoin’ project must ensure full conformity with international Anti-Money Laun...

Path: Blog