Wealthy people of Hong Kong and Singapore are walking toward crypto
Hong Kong and Singapore's wealthy elite are looking at digital assets for investments, according to KGMP report.
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Hong Kong and Singapore's wealthy elite are looking at digital assets for investments, according to KGMP report.
The crypto industry expands in part driven by the investor interest, including family offices and the ultra-rich of Hong Kong and Singapore.
With cryptocurrency investors increasingly worried about Hong Kong’s regulatory ambiguity on crypto, a number of major crypto-focused businesses and events have decided to move their activities to Singapore and other countries and territories considered as more friendly to their industry, as indicated by local observers.
HONG KONG: Hong Kong's cryptocurrency entrepreneurs and investors are looking to the government to take more measures to support the industry amid growing concerns about the city's diminishing status as a crypto hub resulting from regulatory uncertainty.
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