币界网报道:Hong Kong is positioning itself as a crypto-friendly hub as Singapore tightens regulations, potentially attracting more digital asset firms. The Monetary Authority of Singapore recently restricted retail crypto trading, while Hong Kong introduced a licensing regime for virtual asset service providers in June. Industry experts note Hong Kong's clearer regulatory framework and mainland China's tacit approval could drive growth. However, challenges remain, including strict compliance requirements and limited banking support. The shift comes as global crypto firms seek stable jurisdictions amid tightening oversight worldwide. Hong Kong's advantage lies in its proximity to China's vast market, though full crypto adoption remains uncertain given Beijing's ban on domestic trading.