Hong Kong’s Securities Regulator Unveils New Guidelines For Crypto Staking Services
- Hong Kong’s SFC mandates full asset control for licensed crypto staking platforms.
- Staking services in Hong Kong must disclose risks like hacking and validator downtime.
- Hong Kong’s crypto market could exceed $700B by 2025, surpassing Japan’s.
The Securities and Futures Commission (SFC) of Hong Kong introduced new guidance on April 07, allowing virtual asset trading platforms (VATPs) and authorized funds to provide staking services. The latest ruling establishes Hong Kong as a forward-thinking center for cryptocurrency operations across Asia-Pacific.
The SFC has established rules that require platforms to get approval before starting their new services while striving to maintain innovation and investment protection…
