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flag Singapore overtakes Hong Kong as a crypto hub by issuing 13 new digital asset licenses.

flag In 2024, Singapore surpassed Hong Kong in the competition to become a major cryptocurrency hub by issuing 13 digital asset licenses, more than double the previous year's number. flag This includes licenses for major exchanges like OKX and Upbit. flag In contrast, Hong Kong's progress has been slower, with stricter regulations and fewer approvals, making Singapore more attractive for digital asset firms seeking a long-term presence in Asia.

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