The Hong Kong Securities and Futures Commission has established staking-related guidelines for licensed virtual asset trading platforms and recognized virtual asset funds.

TechubNews
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According to Techub News, the Hong Kong Securities and Futures Commission has developed guidelines related to staking for licensed virtual asset trading platforms and recognized virtual asset funds. The SFC noted that while formulating its regulatory policies, it recognized the potential benefits of staking in enhancing the security of blockchain networks, and that it allows investors to profit from virtual assets in a regulated market environment. The latest guidelines allow virtual asset trading platforms to expand the scope of their products and services, which is one of the five pillars proposed in the SFC’s “ASPIRe” roadmap aimed at developing Hong Kong’s virtual asset ecosystem.

Ms. Liang Fengyi, CEO of the Securities and Futures Commission, stated: “Expanding the scope of regulated services and products is crucial for maintaining the healthy development of Hong Kong’s virtual asset ecosystem, but this must be done in a regulated environment to ensure that the safety of clients’ virtual assets remains a top priority within the compliance framework for providing related services.”

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