Hong Kong is further cementing its position as a leading hub for cryptocurrency by introducing stricter rules for staking services. The move comes from the Securities and Futures Commission (SFC), Hong Kong’s financial regulator, aiming to attract crypto businesses and investors while ensuring security in this volatile sector. The new regulations mandate licensing approvals for platforms offering staking services, requiring written consent from the SFC before participating. Additionally, companies must implement robust security measures, protect user assets, and clearly communicate associated risks. This move is expected not only to safeguard investor interests but also to bolster confidence in Hong Kong’s crypto market.