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Tuesday, 12/26/2023 5:52:09 AM

Tuesday, December 26, 2023 5:52:09 AM

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$MATH Adrian Wang, CEO of Asia-based digital asset management firm Metalpha, said that crypto investors were surprised by “just how fast Hong Kong is playing catchup to Singapore’s well-balanced regulatory regime.”

“It is true that Singapore had a headstart in designing and testing policies that are suitable for digital assets. For example, DBS conducted fixed-income trade on JP Morgan’s Onyx network as early as 2022,” Wang said. “However, since the Hong Kong Fintech Week last year, SFC gradually rolled out its VASP license regime, hoping to attract high-quality crypto firms to set up business in Hong Kong.”
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