The Hong Kong Securities and Futures Commission (SFC) has officially released guidelines permitting licensed virtual asset trading platforms to offer staking services. These platforms must implement measures to mitigate risks, safeguard customer assets, and provide comprehensive disclosures regarding staking risks. This regulatory development is seen as a response to increasing global competition in the cryptocurrency sector, particularly benefiting Ethereum, as the market anticipates a boost in staking activities. The guidelines are expected to enhance the operational landscape for crypto firms in Hong Kong, aligning with broader trends in the digital asset market.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
