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Hong Kong Issues New Crypto Guidelines Allowing Staking Services For Licensed Platforms

  • Hong Kong's Securities and Futures Commission (SFC) has issued guidelines allowing crypto platforms and funds to offer staking services.
  • The SFC recognizes the potential benefits of staking in enhancing the security of blockchain networks and enabling investors to earn yields in a regulated market.
  • Crypto platforms must receive written approval, meet SFC requirements, and disclose relevant information to customers offering staking services.
  • SFC-approved crypto funds can engage in staking if consistent with fund objectives, but with certain conditions and risk management protocols.

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