Both Far East financial hubs adopt a comprehensive approach in regulating cryptocurrencies and are expected to draw businesses globally. Although they are not listed in CoinDesk's Crypto Hubs 2023 ranking of the top 15 destinations for crypto professionals to live and work, they should not be underestimated.
The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.
Animoca Brands is betting big on a Web3 that decentralizes digital assets to beat out tech behemoths like Meta, Microsoft, and Tencent.
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