All eyes on Asia — Crypto’s new chapter post-China
From Singapore to Thailand and Indonesia: Asia’s crypto landscape continued to thrive, unabated by China’s sudden crackdown. A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation is Asia. Since the heady days of Korea’s Kimchi premium and Bitcoin (BTC) arbitrage opportunities, the region is playing a role in defining crypto’s development pathways and anchoring its future.According to Chainanalysis’ report, in the first half of 2021, Asia was already the destination for 28% of the overall global transaction....
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Reports of massive Bitcoin Buyback in China circulating gain credibility http://t.co/PhNidqe4lp shows large buy orders originating from asia. - COINSPRINT (@coinsprint) January 14, 2014. This is the view from fiatleak.com showing a flurry of bitcoin buys in China: Here is an update one hour later:
Asia is home to over half the world's population, not to mention a large number of its fastest-growing economies and busiest financial centers. In terms of funding and business activity, the Asian bitcoin scene is dominated by its most advanced economies: China, South Korea, Japan, Hong Kong and Singapore. The region is home to more than 50 countries and jurisdictions with diverse conditions and financial needs. In theory, this should be bitcoin's land of milk and honey. However, Asia's economic and political diversity is both an advantage and disadvantage, and there are still plenty of....