Singapore pulls ahead of Hong Kong in race to be crypto hub

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Bangkok Post 17h ago

Singapore pulls ahead of Hong Kong in race to be crypto hub - Bangkok Post

Quick Summary:

Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial centre Hong Kong has struggled to gain traction.

Singapore doled out 13 crypto licenses in 2024 to a range of crypto operators including top exchanges OKX and Upbit, as well as global heavyweights Anchorage, BitGo and GSR.

Approvals in Hong Kong have come slower than expected and regulators had signalled their intent to authorise more exchanges by year-end.