Singapore is rapidly emerging as a crypto hub in Asia! 🌟 With a "risk-adjusted" regulatory approach, Singapore plans to double the number of crypto licenses issued in 2024, demonstrating its support for the crypto industry.

According to a report by ApeX Protocol, Singapore currently has 1,600 blockchain patents, 2,433 related jobs, and 81 crypto exchanges, showcasing a strong industry foundation. Meanwhile, the Monetary Authority of Singapore (MAS) will issue 13 major payment institution (MPI) licenses in 2024, more than double that of 2023.

In contrast, Hong Kong has only 7 licensed crypto exchanges, highlighting the different development strategies of the two regions in the crypto field.🔍