Singapore issues 13 crypto licenses, surpassing Hong Kong slower approval process, and strengthening its position as a crypto hub.

Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.

Singapore solidified its status as a leading digital assets hub in 2024, granting 13 crypto licenses to a mix of major exchanges and global operators, more than doubling the previous year’s approvals,

Singapore has been on the lead in approving crypto licenses in 2024, but Hong Kong lags behind, new report reveals.

According to a Bloomberg report, Singapore issued 13 crypto licenses to various operators in 2024. This includes major players like OKX and Upbit and global