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CNBC: Asian encryption market emerges due to U.S. regulatory uncertainty

CNBC reports that amid the uncertain regulatory situation in the United States, Asia is pushing for transparency in the cryptocurrency market. Hong Kong and Singapore are leading the way. Ong Chengyi, the Asia-Pacific policy director of blockchain data analysis platform Chainalysis, said that Hong Kong and Singapore maintain very high regulatory standards and actively create favorable environments for digital asset businesses.

It is expected that Hong Kong will issue more license permits, attracting more cryptocurrency companies to Asia. Lennix Lai, Chief Business Officer of OKX Global, said that Hong Kong is officially opening up cryptocurrency trading to retail investors, which will further boost investor confidence and make Hong Kong more attractive as a potential global virtual asset center.

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