TechFlow news, October 23: According to Caixin, the Hong Kong Securities and Futures Commission has approved the listing and trading of the "ChinaAMC Solana ETF" on the Hong Kong Stock Exchange. Although Hong Kong regulators have allowed spot cryptocurrency ETFs to offer staking services, the ChinaAMC Solana ETF does not include staking. Industry insiders revealed this may be due to a recent incident where a staking service provider, Klin, was suspected of being hacked, triggering a theft event at Swiss-based cryptocurrency platform SwissBorg, leading Hong Kong regulators to believe that staking functionality requires more prudent assessment.
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