新加坡在加密货币司法管辖区排名中名列前茅，香港落后

根据 ApeX Protocol 的一项研究，新加坡在加密货币管辖区排名中名列前茅。该研究根据关键指标评估了世界顶级地区

Singapore has emerged as the world's leading jurisdiction for crypto, according to a new study by ApeX Protocol. The study ranks the world's top regions based on key metrics, including blockchain patents, industry-related jobs, and the number of crypto exchanges operating in each country.

根据 ApeX Protocol 的一项新研究，新加坡已成为世界领先的加密司法管辖区。该研究根据关键指标对世界顶级地区进行排名，包括区块链专利、行业相关工作以及每个国家运营的加密货币交易所的数量。

Singapore boasts a composite score of 85.4, followed closely by Hong Kong with a score of 82.7. Despite having a population of fewer than 6 million, Singapore is home to 1,600 blockchain patents, 2,433 jobs in blockchain-related industries, and 81 crypto exchanges.

新加坡的综合得分为85.4分，紧随其后的是香港，得分为82.7分。尽管新加坡人口不到 600 万，但拥有 1,600 项区块链专利、2,433 个区块链相关行业工作岗位以及 81 个加密货币交易所。

In comparison, Hong Kong has issued 890 blockchain patents and only 1,163 blockchain jobs. However, the city is known for its well-established financial infrastructure, which facilitates the seamless integration of blockchain technology and cryptocurrency exchanges.

相比之下，香港已颁发了 890 项区块链专利，但只有 1,163 个区块链工作岗位。然而，这座城市以其完善的金融基础设施而闻名，这有利于区块链技术和加密货币交易所的无缝集成。

This year, Singapore has approved 14 crypto licenses for exchanges, including OKX, Upbit, Anchorage, Bitgo, and GSR -more than doubling the licenses awarded by the city-state last year.

今年，新加坡已批准了 14 个加密货币交易所许可证，包括 OKX、Upbit、Anchorage、Bitgo 和 GSR，是该城市国家去年颁发的许可证的两倍多。

On the other hand, approvals in Hong Kong have been slower. The city only has seven fully licensed platforms in total. Four of these approvals were dolled out earlier this month.

另一方面，香港的审批速度较慢。该市总共只有七个获得完全许可的平台。其中四项批准已于本月初发放。

The newly licensed platforms include Accumulus GBA Technology Co., DFX Labs Company, Hong Kong Digital Asset EX, and Thousand Whales Technology (BVI).

新获得许可的平台包括Accumulus GBA Technology Co、DFX Labs Company、Hong Kong Digital Asset EX和Thousand Whales Technology (BVI)。

“Hong Kong’s regulatory regime for exchanges is more restrictive in a number of ways that matter – such as custody of customer assets and token listing and delisting policies,” said Angela Ang, senior policy adviser at consultancy TRM Labs. “This may have tipped the balance in Singapore’s favour.”

咨询公司 TRM Labs 的高级政策顾问 Angela Ang 表示：“香港的交易所监管制度在许多重要方面都更加严格，例如客户资产的托管以及代币上市和退市政策。” “这可能使天平向有利于新加坡的方向倾斜。”

Despite the slower approval rate, Hong Kong's spot crypto ETF market is expected to see "substantial growth in 2025" according to OSL managing director, Ryan Miller.

OSL 董事总经理 Ryan Miller 表示，尽管批准率较慢，但香港现货加密 ETF 市场预计将在“2025 年大幅增长”。

In April 2024, Hong Kong introduced six spot bitcoin and ether ETFs. Despite this pioneering move, the reception has been lukewarm. As of December 11, the spot Bitcoin ETFs in Hong Kong have accumulated 4,560 BTC ($444.6 million), while Ethereum-focused funds hold 16,280 ETH ($59.6 million).

2024 年 4 月，香港推出了六只现货比特币和以太坊 ETF。尽管有这一开创性的举措，但反响却冷淡。截至 12 月 11 日，香港现货比特币 ETF 已累积 4,560 BTC（4.446 亿美元），而专注于以太坊的基金持有 16,280 ETH（5,960 万美元）。

In stark contrast, U.S. spot crypto ETFs have witnessed unprecendented growth, with spot bitcoin ETFs amassing over $34.06 billion in net inflows and ether ETFs drawing $1.78 billion by early December.

与此形成鲜明对比的是，美国现货加密货币 ETF 出现了前所未有的增长，截至 12 月初，现货比特币 ETF 的净流入量已超过 340.6 亿美元，以太坊 ETF 的净流入量为 17.8 亿美元。

The disparity underscores the challenges Hong Kong faces in competing with the U.S.'s established dominance in the crypto ETF space.

这种差异凸显了香港在与美国在加密 ETF 领域既定的主导地位竞争时面临的挑战。

“In my opinion, the performance of a product should not be judged by a single figure or factor," Miller said. “The new U.S. administration's favorable stance toward the crypto industry, coupled with interest rate cuts, has positively impacted global sentiment and cryptocurrency prices."

米勒表示：“在我看来，产品的表现不应该用单一的数字或因素来判断。美国新政府对加密货币行业的有利立场，加上降息，对全球情绪和加密货币产生了积极影响。”价格。”

“With ongoing regulatory support and growing investor interest, Hong Kong's crypto ETFs are well-positioned to thrive in the evolving global crypto landscape." he added.

“凭借持续的监管支持和不断增长的投资者兴趣，香港的加密货币 ETF 处于有利位置，可以在不断变化的全球加密货币格局中蓬勃发展。”他补充道。