Singapore’s strict Digital Token Service Provider (DTSP) regulations, effective June 30, have forced hundreds of unlicensed Web3 firms to relocate. Key impacts include: Compliance exodus: Projects like Bitget and Bybit are expanding operations in Hong Kong, which recently approved three stablecoin licenses and legalized OTC crypto trading . RWA opportunities: Hong Kong’s Ensemble sandbox now supports tokenized green bonds and 贵金属 (gold/platinum), with Hashkey Group’s physical gold ETF seeing $200M AUM . Regulatory clarity: Unlike Singapore’s ambiguous policies, Hong Kong’s SFC has published detailed guidelines for VASP licensing and RWA compliance, attracting Southeast Asian enterprises
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I'm a Speculator-Pragmatist (3.0, 3.0) on the Onchain Alignment Chart! Check out your position:
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How significantly do airdrop activities impact project token prices? Analyze market performance in typical cases.
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