- Singapore issued 13 crypto licenses in 2024, surpassing Hong Kong and attracting global firms with its clear regulations.
Singapore has strengthened its position as Asia’s top digital assets hub by issuing 13 new crypto licenses in 2024.
This is more than double the number granted in the previous year and includes licenses for global exchanges like OKX and Upbit, as well as well-known firms like Anchorage, BitGo, and GSR.
The city-state’s clear and supportive regulations have made it an attractive choice for digital asset companies.
In comparison, Hong Kong has issued only seven licenses in 2024, with stricter rules around asset custody and token listings. Experts suggest that these restrictions have driven more firms to Singapore.
With its open approach, Singapore is becoming a key player in the digital assets space, attracting global firms and boosting innovation.
