Hong Kong SFC Approve Crypto Staking Services in Adoption Strategy AllinCrypto April 7, 2025
The Hong Kong SFC (Securities and Futures Commission) will allow crypto firms and exchanges to provide staking services for customers.
The new rule comes as Hong Kong’s SFC announced that they would implement new cryptocurrency rules in late 2024 in response to the US’s pro-crypto administration.
According to a report from the SFC made on April 7, crypto firms in the region can offer staking services as long as necessary precautions are made apparent to customers.
Hong Kong SFC welcomes crypto staking service as part of digital asset adoption plan
In February 2025, Hong Kong’s SFC announced its ASPIRe plan to boost blockchain innovation and growth in the region.
Since late 2024, Hong Kong has welcomed more crypto adoption after approving Bitcoin ETFs to be tradable in regional exchanges while granting new trading licenses to cryptocurrency exchanges.
The SFC aims to foster digital asset growth in the region by adoption a new strategy made up of 12 initiatives as part of their ASPIRe strategy.
Most recently, the SFC has allowed cryptocurrency exchanges to offer staking services once they have been given the go ahead by the commission.
According to the Securities and Futures Commission, they adjusted their stance on virtual asset funds and that companies wishing to provide staking must also partner with licensed Virtual Asset Trading Platforms (VATPs) for staking services.
From the SFC:
The Securities and Futures Commission (SFC) today provided regulatory guidance respectively to licensed virtual asset trading platforms (VATPs) on their provision of staking services, and to SFC-authorised funds with exposure to virtual assets (VA Funds) on their engagement in staking
Crypot adoption roadmap part of SFC digital asset strategy
Cryptocurrency adoption in Hong Kong is on the rise after Bitcoin ETFs were given approval for trading in the region in 2024.
With the US and the SEC becoming pro-crypto, Hong Kong’s own SFC issued digital asset reforms to boost growth in the digital asset industry within Hong Kong.
The nation’s 12-step ASPIRe plan will serve as a regulatory roadmap for digital asset adoption. Staking adoption should not come as a surprise since the SFC themselves listed the option in their ASPIRe plan in February under pullar P(Products) within their roadmap.
With the SFC following their strategy closely, we can expect more news to come on crypto and digital asset adoption in Hong Kong throughout the year.
The post Hong Kong SFC Approve Crypto Staking Services in Adoption Strategy first appeared on AllinCrypto.
