Hong Kong Regulator Releases Crypto Staking Rules for Licensed Exchanges
Hong Kong’s Securities and Futures Commission has given a green light for virtual asset trading platforms (VATPs) and authorized virtual asset funds to offer staking services.
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Hong Kong’s Securities and Futures Commission has given a green light for virtual asset trading platforms (VATPs) and authorized virtual asset funds to offer staking services.
HKVAX is the latest exchange to receive approval.
Hong Kong’s securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23.
The statement from the SFC and HKMA comes as expectations mount the U.S. SEC is on the verge of approving a spot bitcoin ETF.
The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.
The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.