CoinVoice has recently learned that, according to The Block, Hong Kong and Singapore have taken the lead in regulatory progress for the Asian cryptocurrency market in 2024. The overall outlook for 2025 is that the Asian market will further develop its regulatory environment and may refine its framework to enhance the adoption of cryptocurrencies.

Industry insiders believe that if Hong Kong is the only jurisdiction offering staking functionality, this could bring new advantages, and markets such as Singapore and Hong Kong may launch more innovative financial products and refine their frameworks to promote adoption. [Original link]