Hong Kong is taking a major step in regulating the crypto market by allowing licensed platforms to offer staking services. The Securities and Futures Commission (SFC) has unveiled new rules as part of its "ASPIRe" program aimed at developing the virtual asset market. The regulator emphasizes that this will make the regulated environment more attractive to investors, while introducing strict requirements for risk disclosure and protecting clients' assets.
The new rules set different conditions for trading platforms (VATPs) and crypto funds (VA Funds). Platforms are required to inform users about staking risks and security measures, while funds face restrictions on the amount of staking and can only participate in it through licensed institutions. These measures are designed to control liquidity risks and ensure the safety of operations.
The regulator aims to create a balanced environment where innovation is combined with investor protection, strengthening Hong Kong's position as a global crypto hub.