Analysis: Hong Kong and Singapore Lead the Progress of Asian Cryptocurrency Market Regulation in 2024

According to The Block, Hong Kong and Singapore have led the progress of cryptocurrency market regulation in Asia by 2024. The overall outlook for 2025 is that the Asian market will further develop its regulatory environment and may improve its framework to increase the adoption of cryptocurrencies. Industry insiders believe that if Hong Kong is the only jurisdiction offering collateral functions, this could bring new advantages. Markets like Singapore and Hong Kong may introduce more innovative financial products and perfect their frameworks to promote adoption.