🔥🔥🔥Major positive news for the Hong Kong sector, prepare in advance, hurry to buy the dip
Singapore's regulatory policies for the cryptocurrency industry are tightening significantly, requiring unlicensed digital token service providers (DTSP) to cease services to overseas clients by June 30, 2025, or face hefty fines and even criminal liability. This policy highlights Singapore's shift towards a "strong regulatory" model, with the core goal of reducing financial risks, particularly in preventing fraud and money laundering issues.
In contrast, Hong Kong is adopting a "gradual opening" strategy, further optimizing the licensing system for virtual asset service providers (VASP) in 2025, allowing retail investors to trade mainstream tokens such as BTC and ETH, and planning to expand the range of compliant tokens. Hong Kong's policies are more inclined to attract compliant exchanges (such as HashKey, OSL, etc.) while actively promoting a regulatory framework for stablecoins and RWA (real-world asset tokenization).
In the future, Hong Kong may attract more cryptocurrency business influx due to its more flexible regulatory environment, while Singapore may focus on the highly compliant institutional market. The "Asian crypto hub competition" continues, and investors need to closely monitor policy trends to seize market opportunities.
