ChainCatcher news, reported by The Block, Hong Kong and Singapore have taken the lead in regulatory developments for the Asian cryptocurrency market in 2024. The overall outlook for 2025 is that the Asian market will further develop its regulatory environment, potentially refining its framework to enhance cryptocurrency adoption.

Industry insiders believe that if Hong Kong is the only jurisdiction offering staking features, it could create new advantages, and markets like Singapore and Hong Kong may introduce more innovative financial products and refine their frameworks to promote adoption.