Market Trend Insight: Hong Kong Securities Regulatory Commission Issues "Pledge Service" Guidelines! Interpretation of its impact on Hong Kong, Mainland China and Global Web3 Finance

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How to easily grasp the market hotspots, technological trends, ecosystem progress, and governance dynamics happening in the Web3 industry? The "Market Trend Insight" column launched by Web3Caff Research will delve into first-line exploration of current hot events, providing value interpretation, commentary, and principle analysis. Looking beyond the phenomenon to its essence, immediately follow us to quickly capture the frontline market trends of Web3.

Author: wuyue.eth, Web3Caff Research Researcher

Cover: Logo by this project, Typography by Web3Caff Research

Word Count: Total of 2400+ words

In the virtual asset staking service field, the Hong Kong market was previously in a stage with an unclear regulatory framework. Due to the lack of specific normative requirements, various market participants faced different degrees of compliance uncertainty when conducting related businesses. Although some virtual asset trading platforms have obtained licenses, they lack clear operational guidelines when providing staking services, leading to inconsistent standards in risk management and customer asset protection across platforms.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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