Singapore vs Hong Kong: Where to Set Up Your Crypto Biz?

3 replies 285 views
Posts: 98 · Reputation: 248
#1May 18, 2023, 06:51 AM
Just saw the new series from TaxDAO about choosing the best spots for crypto companies. This first piece dives into Singapore and Hong Kong. I've always thought they were the top choices, but what do you guys think? Are they really that different?
4 Reply Quote Share
planktonHero Member
Posts: 1284 · Reputation: 2049
#2May 18, 2023, 07:23 AM
I’ve been following the scene for a while. Singapore has a pretty solid regulatory framework, plus they’re teaming up with Japan and the UK on digital asset stuff. Hong Kong has its perks too, but I feel like Singapore is more stable for long-term investments. What do you guys think?
3 Reply Quote Share
Posts: 98 · Reputation: 248
#3May 18, 2023, 09:52 AM
+1 to Singapore. They seem to really push for innovation. I mean, look at Project Guardian. Meanwhile, Hong Kong’s getting a new app launched by HashKey, but it feels like they are just catching up. Anyone else feel that way?
2 Reply Quote Share
Posts: 237 · Reputation: 20
#4May 18, 2023, 01:25 PM
Not so fast! Hong Kong still has a strong crypto community and way more retail interest right now. Just because Singapore is in the spotlight doesn’t mean HK is out of the game. The tax benefits can be a big deal too. Let’s not underestimate it!
1 Reply Quote Share

Related topics