Singapore’s strict regulations mandate crypto firms to obtain licenses by June 30, driving some companies to relocate to more favorable environments like Hong Kong.
Hong Kong’s stablecoin ordinance effective August 1, 2023, promotes a compliant market that invites legitimate crypto projects, aiming for a robust digital asset ecosystem.
Experts argue that Hong Kong needs to further liberalize its crypto regulations to attract high-quality projects, maintaining its competitive edge in the digital asset landscape.
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