Hong Kong and India’s quest to regulate crypto a boon for Asia’s Web3 ecosystem

Hong Kong and India are taking different routes towards developing their crypto ecosystems. Hong Kong has established a set of comprehensive regulations for the crypto industry and has made it easier for retail investors to engage in digital assets, which has attracted international crypto businesses. India, on the other hand, has seen a thriving crypto ecosystem from 2020 until early 2022, but government-imposed taxes and regulations have caused setbacks. While both countries have implemented anti-money laundering laws and mandatory KYC norms for crypto users, they have different approaches towards engaging the youth population and building crypto infrastructure.