Hong Kong introduces crypto staking rules, reaffirms Web3 commitment

Hong Kong’s Securities and Futures Commission (SFC) has introduced new guidelines for crypto exchanges offering staking services. In an April 7 announcement, the SFC announced new guidelines for crypto exchanges offering staking services and locally authorized funds exposed to digital assets involved in staking. The announcement follows recent remarks from Christina Choi, the SFC’s executive director of investment products, who said during a speech at the Hong Kong Web3 Festival:“The SFC is committed to supporting Hong Kong’s Web3 journey. ”In its announcement, the regulator said it “recognizes the potential benefits of staking in enhancing the security of blockchain networks and allowing investors to earn yields source: https://cointelegraph.com/news/hong-kong-regulator-introduces-crypto-staking-rules-reaffirms-web3-commitment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound