TechFlow News — On January 2, according to Cointelegraph, Singapore is accelerating its rise as Asia's crypto hub, leveraging its "risk-adjusted" regulatory approach and doubling the number of crypto licenses issued in 2024.
A report by ApeX Protocol shows that Singapore currently holds 1,600 blockchain patents, 2,433 related job positions, and hosts 81 crypto exchanges. In 2024, the Monetary Authority of Singapore (MAS) issued 13 Major Payment Institution (MPI) licenses—more than double the number granted in 2023.
In comparison, Hong Kong has only seven licensed crypto exchanges, 890 blockchain patents, and 1,163 related job positions.
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