Hong Kong Sets Crypto Staking Rules, Strengthens Web3 Strategy

Hong Kong Sets Crypto Staking Rules, Strengthens Web3 Strategy

In a strategic move to consolidate its position as a global hub for blockchain and digital assets, Hong Kong’s Securities and Futures Commission (SFC) has introduced comprehensive regulatory guidelines for crypto staking services. The rules, issued on April 7, mark a pivotal development in the city's ambition to foster a robust and sustainable Web3 ecosystem. Under the new framework, licensed virtual asset trading platforms (VATPs) must secur...

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