Singapore and Hong Kong Take the Lead in Global Blockchain Innovation Race

26.12.2024 2 times read 0 Comments Read out

Singapore and Hong Kong Lead the Blockchain Revolution

According to a recent study by ApeX Protocol, Singapore has emerged as the global leader in blockchain technology. The country boasts an impressive 1,600 blockchain patents, over 2,400 industry-related jobs, and is home to 81 crypto exchanges. This achievement is remarkable for a nation with less than six million inhabitants. Meanwhile, Hong Kong follows closely behind with its robust financial infrastructure that supports seamless integration of blockchain technologies.

The United States also remains a significant player despite regulatory challenges like Operation Chokepoint 2.0. With more than 32,000 blockchain patents and over 17,000 related jobs across numerous crypto exchanges, America continues to be at the forefront of this technological race (Source: Cointelegraph).

Trrue Secures $10M Investment from GEM Digital

Trrue's focus on environmental sustainability within the blockchain space has attracted substantial investment interest from GEM Digital. The Bahamas-based alternative investment group committed $10 million towards Trrue’s development efforts aimed at enhancing ESG compliance through real-world asset tokenization using their TRRUE tokens.

This funding will accelerate platform growth while promoting transparency and accountability among stakeholders involved in sustainable investments worldwide (Source: CoinDesk).

Hacken Launches AI-Powered MiCA Compliance Tool

Blockchain security auditor Hacken introduces "Extractor," an innovative tool designed specifically for web3 businesses aiming to meet European standards such as MiCA or DORA regulations efficiently via automation processes integrated into existing frameworks seamlessly without compromising operational resilience against potential threats faced daily online today globally everywhere around us all alike together united forevermore!

The solution offers comprehensive monitoring capabilities including AML/CFT checks alongside transaction tracking features ensuring continuous protection throughout any given project lifecycle stage.

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Article Summary

Singapore leads globally in blockchain technology with 1,600 patents and numerous crypto exchanges, while Hong Kong follows closely; the US remains a key player despite regulatory hurdles. Trrue secures $10M from GEM Digital for ESG-focused blockchain projects, and Hacken launches an AI tool to aid web3 businesses in meeting European compliance standards.