The most attractive fintech licenses in Hong Kong are MSO (Money Service Operator) granted by the Customs and Excise Department (C&ED) and VASP (Virtual Asset Service Provider) grated by the Securities and Futures Commission (SFC).
The most attractive fintech licenses in Singapore are SPI (Standard Payment Institution), MPI (Major Payment Institution) license and Money-Changing license. They are granted by the Monetary Authority of Singapore (MAS).