HashKey Wins Approval to Provide Crypto Staking Services in Hong Kong

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The Hong Kong Securities and Futures Commission (SFC) has issued regulatory guidance for licensed virtual asset trading platforms (VATPs) regarding their staking services, as well as for SFC-authorised funds (VA Funds) involved in staking.

On April 10, HashKey Exchange, one of Asia’s leading virtual asset exchanges, received approval from the SFC, becoming one of the first exchanges in Hong Kong authorized to offer staking services.

The SFC stated: “By establishing its regulatory approach, the SFC acknowledges the benefits of staking for enhancing blockchain network security and enabling investors to earn yields on virtual assets within a regulated environment.”

In February, the SFC introduced its “Virtual Asset Development Roadmap” (the “A-S-P-I-Re” framework), outlining plans to expand virtual asset products under clear regulation, including staking, leverage, and lending services. Just two months after this roadmap, the SFC has already implemented the policy, showcasing strong support for the virtual asset industry.