CoinVoice has recently learned that, according to Cointelegraph, Singapore is accelerating its emergence as a crypto hub in Asia with a 'risk-adjusted' regulatory approach and doubling the number of crypto licenses issued in 2024.

According to a report by ApeX Protocol, Singapore currently holds 1,600 blockchain patents, 2,433 related positions, and 81 crypto exchanges. The Monetary Authority of Singapore (MAS) issued a total of 13 Major Payment Institution (MPI) licenses in 2024, more than double that of 2023.

In contrast, Hong Kong has only 7 licensed crypto exchanges, 890 blockchain patents, and 1,163 related positions. [Original link]