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Asia could gain lion’s share of US-based crypto-related business as firms diversify amid crackdown
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Market players said Hong Kong, in particular, stands to gain the most from the regulatory uncertainty in the US.
PHOTO: REUTERS
SINGAPORE - With clearer rules, Asia is primed to be the biggest winner as US regulators’ crackdown on the cryptocurrency sector prompts companies to diversify their businesses elsewhere.
Market players say Hong Kong, in particular, stands to gain the most from the regulatory uncertainty in the US, ahead of Singapore, Dubai and Europe.
