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Singapore overtakes Hong Kong as a crypto hub by issuing 13 new digital asset licenses.
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.
This includes licenses for major exchanges like OKX and Upbit.
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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Singapur supera a Hong Kong como un centro criptográfico al emitir 13 nuevas licencias de activos digitales.