The Hong Kong authorities have just issued new regulations requiring individuals to unlock their phones and laptops when requested during national security investigations. Refusal to cooperate may result in criminal prosecution.
This regulation also allows police to seize and retain equipment they believe is related to the incident, including at airports and border crossings.
Although recent social media posts have been spreading this news as a new change, these rights actually originated from the National Security Law enacted in 2020. However, the renewed attention has caused concern within the crypto community.
Bitcoin holders face specific risks. Many users store their private keys, Seed Phrase , or wallet access data on their phones and personal computers. If forced to unlock their devices, this information could be exposed, leading to the risk of losing control of their entire assets.
Therefore, the crypto community and security experts are advising against bringing sensitive wallet data to Hong Kong .
This law applies broadly to foreigners and transit passengers, and the term "national security" remains unclear.
This means the risk extends beyond politically motivated incidents. Traders, founders, and retail investors carrying self-managed wallets could all be at risk if their devices are inspected.
Therefore, the advice now has become more straightforward: Avoid storing cryptocurrency wallet login information on devices you carry while traveling, or ideally, limit travel to high-risk areas.
For Bitcoin holders, having their devices inspected is not simply a privacy concern but also has an immediate and direct impact on their personal finances.
