Hong Kong Unveils Crypto Staking Rules to Bolster Web3 Leadership

Hong Kong’s Securities and Futures Commission (SFC) has introduced new staking rules for cryptocurrency exchanges, aiming to solidify its position as a global leader in the Web3 space. These regulations were released on April 7th via a circular directed towards exchange platforms under their supervision. The SFC believes that these activities can enhance blockchain security and provide rewards to investors while ensuring transparency and oversight.