Regulatory Alerts2025-04-07
Added · Updated
HKMA Standards for Authorized Institutions Providing Staking Services from Custodial Services
The Hong Kong Monetary Authority issued this circular to establish regulatory standards for authorized institutions providing virtual asset staking services from custodial accounts. The document mandates robust internal controls for safeguarding client assets, comprehensive disclosure of service details and associated risks such as slashing and hacking, and rigorous due diligence for blockchain protocol selection and third-party providers. Institutions are required to implement adequate policies and systems in advance and are encouraged to utilize the Supervisory Incubator for Distributed Ledger Technology to test their operational controls.
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