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OPINION

Smart regulation of cryptocurrencies needed in Hong Kong and Singapore

Both countries need to protect investors, curb money laundering, ensure transparency in rollout of ICOs

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The Hong Kong Monetary Authority and the Monetary Authority of Singapore (MAS) in October 2017 signed an agreement to foster cooperation on fintech.

FEW dispute that Asia will be the world's engine for economic growth and innovation in the coming decades. It is no surprise then that Asia is the fastest growing market for digital currencies. Fintech is a sector that requires bold leadership, not just from entrepreneurs but regulatory agencies

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