Hong Kong and Singapore have already led the regulatory progress of the Asian cryptocurrency market in 2024. The overall outlook for 2025 is that Asian markets will further develop their regulatory environment and may improve their frameworks to increase the adoption of cryptocurrencies. Industry insiders believe that if Hong Kong is the only jurisdiction that provides staking functions, this may bring new advantages, and markets such as Singapore and Hong Kong may launch more innovative financial products and improve their frameworks to promote adoption. (TheBlock)