Singapore is often called Asia’s crypto hub, and that term makes sense on the surface. The Monetary Authority of Singapore’s regulatory framework has been thought of as a comprehensive approach to crypto that understands the unique complexity of the asset class while Hong Kong takes a fragmented approach that often feels like there’s a square peg in a round hole happening despite everyone’s best efforts.
But we’re forgetting about Malaysia. Also a former Crown colony, Malaysia retains the institutional use of English as well as a common law court system. There’s no erosion of this legacy like in Hong Kong, the beaches are better than Singapore and the cost of living is low. https://www.coindesk.com/markets/2022/03/07/first-mover-asia-malaysia-may-be-asias-next-crypto-hub-major-cryptos-decline-as-russia-onslaught-intensifies/
