While the United States and Europe clamp down on crypto, new hubs are flourishing in the Asia Pacific region. Hong Kong recently opened its doors to crypto trading, and Vietnam and India were crowned the top crypto adopters in 2022.
For companies eager to enter these booming markets, bulletproof KYC processes and localized onboarding experiences aren’t just important—they’re non-negotiable.
APAC’s Emergence as a Crypto Powerhouse
In June, Hong Kong rattled the crypto market when it passed a law allowing individual trading exchanges and platforms to apply for crypto trading licenses. Until now, this was restricted to institutional investors and other professionals.
The move came after the city was named the most crypto-ready, due to the high number of blockchain startups and crypto ATM installations relative to the population size. In August, Hong Kong granted its first licences to HashKey Exchange and OSL Digital Securities, and retail investors can now register to trade BTC an
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