<ul><li>Singapore has surpassed Hong Kong as the leading digital asset hub in Asia in terms of regulatory efficiency and appeal to crypto firms.</li><li>Singapore issued more than double the number of crypto licenses in 2024 compared to 2023, attracting major global players.</li><li>Hong Kong's slower progress in its licensing regime, coupled with restrictive rules, has hindered its competitiveness.</li><li>Singapore's balanced regulatory approach and initiatives driving blockchain adoption have positioned it as a stable choice for digital asset operations.</li></ul>

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

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