Hong Kong's SFC has authorized regulated crypto staking services with strict investor protections, positioning the city as a crypto-friendly hub against more restrictive regional competitors.

Hong Kong financial authorities have officially allowed crypto firms to provide staking services for customers. However, they must abide by guidelines meant to protect users from associated risks

Drawing a parallel between floppy disks and innovation, Choi said Monday blockchain tech has the potential to "rewrite the rules" of finance.