Asia is poised to benefit from the recent rally in the cryptocurrency market, driven by optimism surrounding the new US administration's pro-crypto policy stance.
Hong Kong, in particular, is committed to granting more licenses for virtual asset trading platforms and plans to establish an advisory group to improve compliance and risk management.
Singapore is also experiencing strong demand for digital assets, with a growing interest among investors.
The diversity of cryptocurrency products in Asia is expanding, offering more sophisticated investment vehicles.
However, some market participants remain skeptical about the sustainability of this rally, citing past experiences and the high volatility of crypto assets.
Despite this skepticism, Asia's proactive regulatory approach and product innovation position the region well to capitalize on the positive market sentiment generated by the US.