Singapore issued 13 crypto licenses in 2024, pulling ahead of Hong Kong, where authorities have been more cautious, in the race to become a regional crypto hub (Suvashree Ghosh/Bloomberg)

Suvashree Ghosh / Bloomberg:
Singapore issued 13 crypto licenses in 2024, pulling ahead of Hong Kong, where authorities have been more cautious, in the race to become a regional crypto hub  —  – Both cities have tried to attract crypto firms to their shores  — Hong Kong authorities have been cautious handing out permits