Amber Group, a Singapore-based crypto lender, is considering selling its Japanese unit as part of its plan to focus more on institutional business rather than retail business, Bloomberg reported. 

According to Annabelle Huang, Amber's managing partner, the firm is currently evaluating options for its Japan operation, including a potential sale. Currently, no deal has been finalized. Huang noted that Japan is a "very high quality market, but regulations are strict." 

Meanwhile, Amber plans to apply for a virtual asset trading platform license in Hong Kong following the special administrative region's push to become a digital-asset hub. Huang said that the regulatory scene in Hong Kong has been very bullish for the firm. 

(By Judith BannermanQuist)