Catenaa, December 26, 2024 – Singapore and Hong Kong have emerged as key players in cryptocurrency regulation in 2024, implementing frameworks for exchanges, stablecoins, and asset tokenization.
Singapore strengthened its oversight in April, introducing stricter rules for crypto custodial services and tokenized payments. The Monetary Authority of Singapore’s Project Guardian has completed over 15 industry trials to advance financial market efficiency through tokenization.
Hong Kong launched six spot bitcoin and ether ETFs in April, with trading volumes surging after President-elect Donald Trump’s victory in November. New features, like ETH staking for ETFs, are under exploration.
Other regional developments include South Korea’s first crypto regulations prioritizing investor protection, Japan’s plans to retain domestic assets, and Taiwan’s stricter anti-money laundering rules for crypto firms.
Experts predict further advancements in Asia’s regulatory landscape, fostering innovation and adoption in 2025.
