🔥🔥🔥 Major Positive Developments in Hong Kong's Sector, Get Ahead
Recently, Singapore's regulatory policies on 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 risk, particularly in preventing fraud and money laundering issues.
In contrast, Hong Kong adopts a 'gradual opening' strategy, further optimizing the licensing system for virtual asset service providers (VASP) in 2025, allowing retail investors to trade mainstream tokens like BTC and ETH, and plans to expand the range of compliant currencies. Hong Kong's policies are more inclined to attract compliant exchanges (such as HashKey, OSL, etc.), while actively promoting the regulatory framework for stablecoins and RWA (Real World Asset tokenization).
In the future, Hong Kong may attract more crypto businesses with a more flexible regulatory environment, while Singapore may focus on a highly compliant institutional market. This 'Asian Crypto Center Competition' is ongoing, and investors need to closely monitor policy trends to seize market opportunities.
