Odaily Planet Daily reported that the number of cryptocurrency licenses issued by Singapore in 2024 is double that of the previous year, making it an important destination for Web3 companies. ZKcandy's Chief Growth Officer William Croisettier stated that, thanks to its innovation-friendly regulatory framework, Singapore could become Asia's next major cryptocurrency hub. He said, 'The country adopts a risk-adjusted approach to cryptocurrency regulation, focusing on mainstream digital currencies to protect investors. Singapore also facilitates interactions between new crypto companies and local banking partners, a regulation that is not commonly found elsewhere in the world.' MANSA co-founder and CEO Mouloukou Sanoh believes that these licenses could further solidify Singapore's position as a global blockchain leader: 'With clear regulations and support for innovation, Singapore has attracted top companies and talent, nurturing a thriving ecosystem. This proactive approach demonstrates a strong commitment to digital finance, contrasting sharply with Hong Kong's more cautious stance.' According to a study by ApeX Protocol in December last year, Singapore has become a global leader in the blockchain field in terms of blockchain patents, job opportunities, and cryptocurrency exchanges. (Cointelegraph) Previously, it was reported that Singapore issued 13 cryptocurrency licenses to a range of cryptocurrency operators in 2024, including major exchanges OKX and Upbit, as well as crypto companies Anchorage, BitGo, and GSR. This is more than double the number of licenses issued by the country last year.