Cryptocurrency exchange HashKey has gained approval from Hong Kong regulators to offer staking services.
The move could increase institutional interest in proof-of-stake investments, including spot Ether ETFs.
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The approval was granted on April 10 after Hong Kong's Securities and Futures Commission (SFC) issued regulatory guidelines for staking services to licensed Virtual Asset Trading Platforms (VATPs) and licensed funds, HashKey announced on social media.
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The approval came after the China Securities Regulatory Commission (CSRC) recognized the advantages of cryptocurrency staking services.