Hong Kong Unveils New Rules for Virtual Asset Staking Services

The Hong Kong Securities and Futures Commission (SFC) has unveiled new guidelines for platforms offering staking services for virtual assets, including spot ETFs. These guidelines permit these platforms to offer staking services, which involve locking in virtual assets to support blockchain networks and generate returns. However, due to potential risks, the SFC will implement additional safeguards, such as requiring licensed platforms to securely store staked assets and setting limits on the proportion of virtual asset spot ETFs that can be staked to mitigate liquidity concerns.