Asia could gain lion’s share of US-based crypto-related business as firms diversify amid crackdown

Market players said Hong Kong, in particular, stands to gain the most from the regulatory uncertainty in the US. PHOTO: REUTERS
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SINGAPORE - With clearer rules, Asia is primed to be the biggest winner as United States 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.

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