Singapore’s crypto exchange crackdown seen benefiting Hong Kong

Singapore’s crypto exchange crackdown seen benefiting Hong Kong

Hong Kong’s Web3 industry sees benefits from the end of regulatory arbitrage by exchanges in Singapore serving overseas customers.

Hong Kong poised to benefit from Singapore’s ‘crypto crackdown’: report

Analysts say that Hong Kong could gain the upper hand in its expansion into a global crypto hub in the wake of Singapore’s regulatory crackdown on unlicensed firms in the region. A recent report by the South China Morning Post revealed that the special administrative region’s web3 industry could see...