Singapore Takes the Lead Over Hong Kong in Asia’s Crypto Hub Race – Here’s Why

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Bitcoinist 21h ago

Singapore Takes the Lead Over Hong Kong in Asia’s Crypto Hub Race – Here’s Why - Bitcoinist

Quick Summary:

A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms.

Particularly, the city-state issued 13 crypto licenses this year, more than double the number granted in 2023.

Singapore’s regulatory framework has been praised for its balanced approach, promoting collaboration between new entrants and established financial institutions.