Hong Kong and Singapore are emerging as Asia’s top cryptocurrency hubs, seeking to capitalise on the sector’s resurgence amid U.S. President Donald Trump’s pro-crypto stance. Bitcoin recently hit a record near USD110,000, fueling optimism across global markets. Hong Kong regulators said Wednesday they aim to tap “global liquidity” and may allow riskier crypto products such as derivatives and margin financing. The city’s Securities and Futures Commission stressed the need to balance investor protection with business-friendly regulations. Singapore and Hong Kong are pushing ahead while Malaysia, Thailand, Japan, and South Korea explore policy shifts. Trump has vowed to make the US the “crypto capital of the planet,” contrasting with Biden-era regulatory scepticism. Dubai remains a key competitor in the region.