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Singapore and Hong Kong Named Top Blockchain Hubs in Global Ranking đđť
#Singapore has emerged as the top global blockchain-friendly region, according to a study by ApeX Protocol, a multichain liquidity platform. The ranking, based on blockchain patents, industry jobs, and crypto exchanges, gave Singapore a composite score of 85.4. With 1,600 patents, 2,433 jobs, and 81 exchanges, the city-state leads despite its small population.
Hong Kong secured second place with a score of 82.7, leveraging its robust financial infrastructure. Estonia, a smaller nation with notable blockchain achievements, ranked third with a score of 81.5. Other top jurisdictions include Switzerland, the US, Canada, and the UAE.
This is bullish!
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#Binance
#crypto2024
#XmasCryptoMiracles
#Singapore has emerged as the top global blockchain-friendly region, according to a study by ApeX Protocol, a multichain liquidity platform. The ranking, based on blockchain patents, industry jobs, and crypto exchanges, gave Singapore a composite score of 85.4. With 1,600 patents, 2,433 jobs, and 81 exchanges, the city-state leads despite its small population.
Hong Kong secured second place with a score of 82.7, leveraging its robust financial infrastructure. Estonia, a smaller nation with notable blockchain achievements, ranked third with a score of 81.5. Other top jurisdictions include Switzerland, the US, Canada, and the UAE.
This is bullish!
If you enjoy my content, feel free to tip me â¤ď¸
#Binance
#crypto2024
#XmasCryptoMiracles
Singapore Leads Asia's Crypto Hub Race Over Hong Kong
Singapore outperformed Hong Kong in âregulatory efficiency and appealâ to crypto businesses in 2024, according to Bloomberg.
The city-state awarded 13 crypto licenses this year, more than twice the amount in 2023. OKX, Upbit, Anchorage, BitGo, and GSR received regulatory permission, underscoring Singapore's rising appeal to digital asset companies.
Hong Kong's licensing framework has made âslower progressâ with just seven fully approved platforms and numerous more with interim authorization.
Hong Kong Accelerates Crypto Licensing: 4 New Exchanges Approved
Regulation Differences Make Region Competitive
Industry observers blame Hong Kong's regulatory limitations for its tardiness. They said the city's strict token listing, delisting, and custody restrictions make it hard for exchanges to make a profit.
TRM Labs senior policy advisor Angela Ang said:
Hong Kong's exchange regulations are stricter in areas like client asset custody and token listing and delisting. This may have favored Singapore.â
Different Crypto Innovation Strategies
Singapore's balanced regulatory system encourages new entrants and incumbent financial institutions to collaborate.
Project Guardian and Global Layer 1, supported by the Monetary Authority of Singapore, seek to speed asset tokenization and blockchain use in wholesale financial markets, Bloomberg said.
Singapore has become a solid regional headquarters for digital asset firms due to these initiatives.
Despite the sale of HK$6 billion ($770 million) in tokenized green bonds and the debut of Bitcoin and Ethereum spot ETFs, acceptance has been sluggish in Hong Kong.
These Hong Kong ETFs have $500 million in assets under management, compared to $120 billion in the US.
#Singapore #HongKong #MarketRebound #BTCNextMove $BTC $ETH $XRP
Singapore outperformed Hong Kong in âregulatory efficiency and appealâ to crypto businesses in 2024, according to Bloomberg.
The city-state awarded 13 crypto licenses this year, more than twice the amount in 2023. OKX, Upbit, Anchorage, BitGo, and GSR received regulatory permission, underscoring Singapore's rising appeal to digital asset companies.
Hong Kong's licensing framework has made âslower progressâ with just seven fully approved platforms and numerous more with interim authorization.
Hong Kong Accelerates Crypto Licensing: 4 New Exchanges Approved
Regulation Differences Make Region Competitive
Industry observers blame Hong Kong's regulatory limitations for its tardiness. They said the city's strict token listing, delisting, and custody restrictions make it hard for exchanges to make a profit.
TRM Labs senior policy advisor Angela Ang said:
Hong Kong's exchange regulations are stricter in areas like client asset custody and token listing and delisting. This may have favored Singapore.â
Different Crypto Innovation Strategies
Singapore's balanced regulatory system encourages new entrants and incumbent financial institutions to collaborate.
Project Guardian and Global Layer 1, supported by the Monetary Authority of Singapore, seek to speed asset tokenization and blockchain use in wholesale financial markets, Bloomberg said.
Singapore has become a solid regional headquarters for digital asset firms due to these initiatives.
Despite the sale of HK$6 billion ($770 million) in tokenized green bonds and the debut of Bitcoin and Ethereum spot ETFs, acceptance has been sluggish in Hong Kong.
These Hong Kong ETFs have $500 million in assets under management, compared to $120 billion in the US.
#Singapore #HongKong #MarketRebound #BTCNextMove $BTC $ETH $XRP
mensreaa:
yes
#Singapore #blockchain
đ¸đŹ Singapore shines as a global blockchain leader, with numerous patents, thriving job opportunities, and top trading platforms. Its innovation and investments in the sector solidify its dominance in shaping the future of blockchain. đđĄ
đ¸đŹ Singapore shines as a global blockchain leader, with numerous patents, thriving job opportunities, and top trading platforms. Its innovation and investments in the sector solidify its dominance in shaping the future of blockchain. đđĄ
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đ Singapore vs Hong Kong: crypto hub battle!
In 2024, Singapore proved once again that it is one step ahead in the race for cryptocurrency leadership đ. 13 licenses in a year â and major companies are already choosing the "Asian Tiger"! đ
Meanwhile, Hong Kong issued only 7 licenses đ and tightened the rules for cryptocurrency trading. This clearly deters many players who are looking for more flexible conditions.
đĄ Why is Singapore winning?
Attractive conditions for business đź
Simple and clear regulation âď¸
Support from major players in the crypto industry đ
đĽ Question to you: will Hong Kong's strict rules be able to maintain its status as a crypto hub, or has Singapore already become unattainable? Share your thoughts! đŹ
#CryptoHub
#Singapore
#HongKong
#CryptoRegulation
#Cryptocurrency
In 2024, Singapore proved once again that it is one step ahead in the race for cryptocurrency leadership đ. 13 licenses in a year â and major companies are already choosing the "Asian Tiger"! đ
Meanwhile, Hong Kong issued only 7 licenses đ and tightened the rules for cryptocurrency trading. This clearly deters many players who are looking for more flexible conditions.
đĄ Why is Singapore winning?
Attractive conditions for business đź
Simple and clear regulation âď¸
Support from major players in the crypto industry đ
đĽ Question to you: will Hong Kong's strict rules be able to maintain its status as a crypto hub, or has Singapore already become unattainable? Share your thoughts! đŹ
#CryptoHub
#Singapore
#HongKong
#CryptoRegulation
#Cryptocurrency
đ¸đŹBREAKINGâšď¸đ¨: Independent Reserve First to List Ripple USD (RLUSD) Stablecoin in Singapore đ¸đŹ
Singapore, Independent Reserve (IR), Singaporeâs đ¸đŹfirst licensed cryptocurrency exchange for all investors, has announced its pioneering role in listing Rippleâs USD-backed stablecoin, Ripple USD (RLUSD). Starting from 22 December 2024, customers in Singapore will be able to trade RLUSD on the platform.
As the first exchange in Singapore to offer RLUSD, Independent Reserve is bringing this stablecoin to its order book and OTC desk, providing a seamless and efficient liquidity solution for cross-border transactions. This addition allows clients to conduct global transactions with greater speed and reduced costs, further enhancing the exchangeâs offerings.
RLUSD is a stablecoin pegged 1:1 to the US dollar, issued on both the XRP Ledger and Ethereum networks. It is designed for a wide range of applications, from cross-border payments to decentralized finance (DeFi), offering a secure, fast, and scalable alternative for users in the growing stablecoin market.
Lasanka Perera, CEO of Independent Reserve Singapore, commented: âThe stablecoin market has experienced tremendous growth, demonstrating that stablecoins are becoming integral to modern financial systems. They have proven to be a viable solution for payment transactions and supporting DeFi ecosystems. RLUSD offers a compelling option for investors and financial institutions, providing a more efficient and secure way to move capital globally."
He continued, âAs long-standing partners of Ripple, we are proud to be the first regulated exchange to offer Ripple USD in Singapore. This decision reflects the strong trust and mutual support we have cultivated over the years. By listing RLUSD, Independent Reserve continues its commitment to transforming financial services through crypto and blockchain technology.â
Secure and Accessible Stablecoin Opportunities in Singapore
Customers of Independent Reserve in Singapore can now buy and sell RLUSD using either Singapore dollars (SGD) or US dollars (USD) on the exchangeâs order book and OTC desk.
RLUSD is issued under the New York Department of Financial Services (NYDFS) limited-purpose trust charter, one of the most stringent regulatory frameworks in the financial industry. Fully backed by the US dollar, the Ripple USD Reserve is maintained through a combination of USD fiat and cash equivalents, including government money market funds and short-term US Treasury Bills, held by US-based financial institutions. Ripple also commits to providing monthly third-party attestations of RLUSDâs reserve assets, conducted by an independent auditing firm, ensuring transparency and security for investors.
Independent Reserveâs listing of RLUSD marks a significant step forward in expanding stablecoin accessibility in Singapore, offering a regulated and secure environment for users to trade and leverage the benefits of Rippleâs USD-backed stablecoin. #Singapore #Ripple #RippleUpdate #Rippleđ° #SingaporeCryptoTrend $XRP
As the first exchange in Singapore to offer RLUSD, Independent Reserve is bringing this stablecoin to its order book and OTC desk, providing a seamless and efficient liquidity solution for cross-border transactions. This addition allows clients to conduct global transactions with greater speed and reduced costs, further enhancing the exchangeâs offerings.
RLUSD is a stablecoin pegged 1:1 to the US dollar, issued on both the XRP Ledger and Ethereum networks. It is designed for a wide range of applications, from cross-border payments to decentralized finance (DeFi), offering a secure, fast, and scalable alternative for users in the growing stablecoin market.
Lasanka Perera, CEO of Independent Reserve Singapore, commented: âThe stablecoin market has experienced tremendous growth, demonstrating that stablecoins are becoming integral to modern financial systems. They have proven to be a viable solution for payment transactions and supporting DeFi ecosystems. RLUSD offers a compelling option for investors and financial institutions, providing a more efficient and secure way to move capital globally."
He continued, âAs long-standing partners of Ripple, we are proud to be the first regulated exchange to offer Ripple USD in Singapore. This decision reflects the strong trust and mutual support we have cultivated over the years. By listing RLUSD, Independent Reserve continues its commitment to transforming financial services through crypto and blockchain technology.â
Secure and Accessible Stablecoin Opportunities in Singapore
Customers of Independent Reserve in Singapore can now buy and sell RLUSD using either Singapore dollars (SGD) or US dollars (USD) on the exchangeâs order book and OTC desk.
RLUSD is issued under the New York Department of Financial Services (NYDFS) limited-purpose trust charter, one of the most stringent regulatory frameworks in the financial industry. Fully backed by the US dollar, the Ripple USD Reserve is maintained through a combination of USD fiat and cash equivalents, including government money market funds and short-term US Treasury Bills, held by US-based financial institutions. Ripple also commits to providing monthly third-party attestations of RLUSDâs reserve assets, conducted by an independent auditing firm, ensuring transparency and security for investors.
Independent Reserveâs listing of RLUSD marks a significant step forward in expanding stablecoin accessibility in Singapore, offering a regulated and secure environment for users to trade and leverage the benefits of Rippleâs USD-backed stablecoin. #Singapore #Ripple #RippleUpdate #Rippleđ° #SingaporeCryptoTrend $XRP
Countries like #Singapore , #SouthKorea , and #Japan are leading the charge, with crypto-friendly rules and a strong tech scene.
These moves show that #Bitcoin and #cryptocurrencry are becoming a huge part of the global economy, embraced by both businesses and governments.
ASIA GOT CRYPTO COVERED đ
These moves show that #Bitcoin and #cryptocurrencry are becoming a huge part of the global economy, embraced by both businesses and governments.
ASIA GOT CRYPTO COVERED đ
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$TON
A strong recovery of more than 20% after the news of the founder's arrest in France. Demonstrating the community's confidence in the open network #TONCOIN/USDT
With a series of positive activities from supporters and the system's management board, it has affirmed its solid position in the market since its inception not long ago.
In the early part of next week, September 16, 2024, a game bot named #cati built on the telegram application platform will be launched at #singapore to support taxi drivers, which will also be a great motivation for TON to take off and fly high.
Everything is still ahead. My personal opinion for your reference. Please share your opinions below so we can learn together.
Please note that this is not investment advice, so please do your own research and make your own decisions.
#writetoearn
#BNBđĽ $BNB
A strong recovery of more than 20% after the news of the founder's arrest in France. Demonstrating the community's confidence in the open network #TONCOIN/USDT
With a series of positive activities from supporters and the system's management board, it has affirmed its solid position in the market since its inception not long ago.
In the early part of next week, September 16, 2024, a game bot named #cati built on the telegram application platform will be launched at #singapore to support taxi drivers, which will also be a great motivation for TON to take off and fly high.
Everything is still ahead. My personal opinion for your reference. Please share your opinions below so we can learn together.
Please note that this is not investment advice, so please do your own research and make your own decisions.
#writetoearn
#BNBđĽ $BNB
Who will be in Singapore for Token2049 and the other extraordinary side events?
I will be around meeting Web3 Enthusiasts, Partners, and existing Investors.
Also some new Investors because Bonuz is now ready to launch.
I will be presenting the Wallet of the Future to everyone. It's so easy and user-friendly. Social Login. AA. No Gas fees for Bonuz use cases. Rewards and Vouchers.... so much excitement in this app.
#token2049 #ton #bonuz #bonuzmarket #singapore
$BTC
I will be around meeting Web3 Enthusiasts, Partners, and existing Investors.
Also some new Investors because Bonuz is now ready to launch.
I will be presenting the Wallet of the Future to everyone. It's so easy and user-friendly. Social Login. AA. No Gas fees for Bonuz use cases. Rewards and Vouchers.... so much excitement in this app.
#token2049 #ton #bonuz #bonuzmarket #singapore
$BTC
FIO Protocol
--
Singapore, here we come!âď¸
Marie, Micah, and Wayne will be headed to TOKEN2049 in Singapore where 20,000 individuals from over 7,000 companies across the globe will meet to define whatâs next in the crypto spaceđ
DM one of our team members to connect at the event!đ¤
Learn more about this eventđ
https://www.asia.token2049.com/
Marie, Micah, and Wayne will be headed to TOKEN2049 in Singapore where 20,000 individuals from over 7,000 companies across the globe will meet to define whatâs next in the crypto spaceđ
DM one of our team members to connect at the event!đ¤
Learn more about this eventđ
https://www.asia.token2049.com/
Token 2049 Singapore 2024: A Recap
Just wrapped up an incredible experience at Token 2049! From groundbreaking insights to networking opportunities, this conference was a game-changer. đĄđ¤
Key takeaways:
The future of crypto is bright, driven by innovation and a focus on sustainability.
Regulation is key to fostering growth while protecting consumers.
Emerging technologies like AI and the metaverse hold immense potential.
#Token2049 #events #singapore
Just wrapped up an incredible experience at Token 2049! From groundbreaking insights to networking opportunities, this conference was a game-changer. đĄđ¤
Key takeaways:
The future of crypto is bright, driven by innovation and a focus on sustainability.
Regulation is key to fostering growth while protecting consumers.
Emerging technologies like AI and the metaverse hold immense potential.
#Token2049 #events #singapore
#singapore
#ScamRiskWarning
#Recoveritnow $BTC
Have you been scammed of cryptocurrencies from investment platforms?
#ScamRiskWarning
#Recoveritnow $BTC
Have you been scammed of cryptocurrencies from investment platforms?
Yes
59%
No
41%
27 votes ⢠Voting closed