SFC’s New Rules Will Allow Licensed Crypto Exchanges to Offer Staking
Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), laid out new guidance that would allow licensed crypto exchanges and funds to offer staking services in the city.
Staking offers crypto holders a way of putting their digital assets to work and earning passive income without selling them. Staking is integral to Proof of Stake (PoS) networks as it provides security and immutability.
In a press release on Monday, the Securities and Futures Commission (SFC) acknowledged the dual role staking can play, enhancing blockchain network security and providing regulated yield-generating opportunities for investors, as it continues to implement its broader strategy of growing Hong Kong’s digital asset sector through its
