Singapore Retreat From Retail Crypto Sector Opens Way for Rivals like Hong Kong


Asia may be heading for a reordering of sorts in cryptocurrency markets, with Hong Kong moving to legalize retail trading of digital tokens just as Singapore looks to impose fresh restrictions on consumers. 

Speaking in an interview with Bloomberg Television, Singapore’s central bank chief Ravi Menon had a clear message for other financial centers looking to draw retail crypto trading away with more relaxed rules: We won’t stand in your way. 


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