Hong Kong Eyes a Crypto Prize as Singapore Pivots
Hong Kong laid out a master plan to attract crypto business and investment, including legalized retail trading.
Photographer: Paul Yeung/BloombergWelcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. In today’s edition, Sunil Jagtiani takes the measure of two aspiring Asian crypto capitals:
Hong Kong stole a march on Singapore this week in the race to be Asia’s preeminent financial center by unveiling an expansive revamp of crypto regulations that puts it on course to legalize retail trading. The policy blitz went even further by giving firms the chance to start futures-based crypto exchange-traded funds. Officials are also willing to review property rights for tokenized assets and the legality of smart contracts.