Hong Kong Takes Step Towards Becoming Crypto Hub: SFC Approves Staking Services for Licensed Platforms

Hong Kong is making strides towards establishing itself as a leading global hub for cryptocurrency. The Securities and Futures Commission (SFC) has granted approval for licensed virtual asset trading platforms in the region to offer crypto staking services, marking a significant development. This move allows firms already operating in the Hong Kong crypto space to provide this service to their customers while adhering to the necessary safety measures outlined by the SFC.