Bloomberg: "Singapore Surpasses Hong Kong in Crypto Asset Hub Competition"

It has been reported that Singapore is surpassing Hong Kong in the competition to become a crypto asset (cryptocurrency) hub.

On the 24th (local time), Bloomberg reported, "Singapore has issued a total of 13 crypto asset licenses this year, including to global crypto asset companies such as OKX, Upbit, Anchorage, BitGo, and GSR. This is more than double the number from the previous year."

The media continued, "However, in the case of Hong Kong, progress in issuing crypto asset licenses has been slow. Currently, a total of 7 platforms in Hong Kong have obtained full licenses, and 7 have received temporary permits. OKX and Bybit have withdrawn their license applications in Hong Kong."