Singapore makes another move in the crypto field! 🌟 According to Bloomberg, in 2024, Singapore issued licenses to 13 cryptocurrency operators, including OKX and Upbit, which is double that of last year. In contrast, Hong Kong's approval speed seems a bit slow.

Both regions are attracting virtual asset companies through specialized systems and tokenization projects, but progress varies. Hong Kong is stricter with customer asset custody and token policies, which may make Singapore more attractive. 🏦

Overall, Singapore's flexibility and speed in the crypto market may attract more companies to settle here, becoming a new hotspot in the crypto industry. 🔍