Singapore's Web3 War With Hong Kong is Good for Business

Ronaldo vs. Messi, CZ vs. SBF, Tom vs. Jerry. Everyone loves a good rivalry. The latest to battle it out is Singapore vs. Hong Kong in the race to become the region's leading crypto hub. But just like war profiteering, there's a lot of money to be made from their rivalry.

#TeamHongKong

Call it catch-up, call it innovation, call it a sandbox for China, Hong Kong is rapidly increasing its pace in this race.

As of 1 June 2023, retail investors are permitted to trade legally in Hong Kong through its revised regulation. Exchanges are at liberty to choose which cryptocurrencies they can offer. The move inspired confidence that the city will soon be primed for widescale Web3 adoption.