Which Asian countries have the greatest influence on bitcoin?

[marcosfx]

I'd think I'll out my money down on Japan ad the biggest influencers in the crypto currency trade being that many stores in that area are accepting crypto currency as payment for goods and services abd alot of the people there know of crypto currency and even own crypto currency. I'd even dsy that I've seen 3 ICO from japan for that matter.

they do make a big progress but somehow China makes a great influence and news from there are always matter

[fiulpro]

Japan
China
India
South Korea

I do think these are the main countries having a big influence on bitcoins .

China - Hub for mining
Japan - A great techno influencer
India - They just won a war against government
South Korea - people are very open and using it frequently, there also the government first banned then removed the ban .

[Xampeuu]

Japan
China
India
South Korea

I do think these are the main countries having a big influence on bitcoins .

China - Hub for mining
Japan - A great techno influencer
India - They just won a war against government
South Korea - people are very open and using it frequently, there also the government first banned then removed the ban .

China was devastated by this virus, because several cities became paralyzed, so the economy became stagnant. and we know that China is the largest mining country for bitcoin, with the isolation of a city there is certainly no movement, and the people certainly cannot work in peace, thus affecting the development of bitcoin

[onrise]

Japan and South Korea, as far as I know, is a country that has the greatest influence on Bitcoin, these two countries have an influence on the development of Bitcoin and Altcoin... while India, China, and Indonesia, as far as I know, are the countries with the most Bitcoin and Altcoin transactions.

Japan could be a leader because it was one of the few countries which very early had adopted bitcoin and had made it legal in their country. this has definitely made other countries to think about it and how best it can be utilized for their country and among the people. Also, countries would be looking to check how it can help the economy and banking services etc

[Meowth05]

China definitely because they are welcoming in venturing the cryptocurrency industry, they are the biggest names when it comes to mining.

[carlisle1]

sure this china  they have the greatest btc influence

because they have the largest miners in the world of crypto ? but they seems not to make Bitcoin as legal currency right .

Influence by China or Influence by USA? which is which?

Now even European countries are entering the scene and there are countries that adopting bitcoin and other altcoins .

China definitely because they are welcoming in venturing the cryptocurrency industry, they are the biggest names when it comes to mining.

But we are talking Bitcoin and not Altcoin here.

[Obito]

as you said china, japan, korea may be the biggest influencer in Asia but for china it is forbidden so i don't know how they can still interact with crypto.
for korea they charge quite high taxes on crypto so some devs run their projects from other countries which cost less.
and Japan may be the safest in this situation because the government does not prohibit and instead fully supports crypto.

China is playing it smart and in my opinion, the Middle East is far more influential in bitcoin, if my mind serves me right, the prince of a certain Middle East country is going to build a tech city which means that it will be friendly to cryptocurrency. China is doesn't want the limelight with their influence to cryptocurrency, they might be the shadow.

[bryant.coleman]

In terms of number of users and volume, it has to be Japan, with China at the no.2 spot. The third position may go to either Hong Kong or South Korea. If you just take the number of users as the parameter, then India may rank at no.3 or no.4. But there the daily volumes are quite low. Taiwan, Singapore, UAE and Malaysia are also some of the major markets in terms of volume. Markets with good future potential include GCC nations, Thailand, Indonesia, Philippines and Turkey.

[Kittygalore]

guess the biggest Asian country China

Technically, China isn't the biggest country in Asia, Russia is an Asian country but Europe geopolitically speaking. But I wouldn't say that China is the biggest one as they don't adapt bitcoin publicly and the only owners of bitcoin there is the state so I don't think that disqualifies them as influential. I would vote for Japan because they are far more inclined to automation which means they will embrace newer technology more than anyone.

[iamsheikhadil]

guess the biggest Asian country China

Technically, China isn't the biggest country in Asia, Russia is an Asian country but Europe geopolitically speaking. But I wouldn't say that China is the biggest one as they don't adapt bitcoin publicly and the only owners of bitcoin there is the state so I don't think that disqualifies them as influential. I would vote for Japan because they are far more inclined to automation which means they will embrace newer technology more than anyone.

I agree, Japan would be the leading country in the Asian continent that supports and adapts crypto most, not unexpected because of their tech-love ideology. I think in coming years, India as well will include itself in the tech-lover list and adapt crypto and blockchain technology in a lots of projects sponsored by the government. Future of crypto looks promising in the developing countries as well, they will use the technology to maximize their growth!

[Snappycoco]

With their understanding with high technology stuff's, I think Japan will lead the way in Asian countries. I believe they know very well with this stuff's and probably be holding onto it.

[geegaw]

guess the biggest Asian country China

Technically, China isn't the biggest country in Asia, Russia is an Asian country but Europe geopolitically speaking. But I wouldn't say that China is the biggest one as they don't adapt bitcoin publicly and the only owners of bitcoin there is the state so I don't think that disqualifies them as influential. I would vote for Japan because they are far more inclined to automation which means they will embrace newer technology more than anyone.

I agree, Japan would be the leading country in the Asian continent that supports and adapts crypto most, not unexpected because of their tech-love ideology. I think in coming years, India as well will include itself in the tech-lover list and adapt crypto and blockchain technology in a lots of projects sponsored by the government. Future of crypto looks promising in the developing countries as well, they will use the technology to maximize their growth!

Well, Japan is truly a pioneer in the event of supporting and applying bitcoin to life's payment activities but as soon as this information was put out and tested, Japan still hasn't informed us of the positive results, therefore, they only influence a part of the development path of bitcoin in Asia. I vote more for India and China as these are the two countries with high user numbers and forcing the government to take measures to prevent and handle bitcoin related issues, miners in China have also repeatedly created controversy and helped bitcoin break out in value, too clearly about the influence of these two countries.

[marcosfx]

now we seen the biggest country got the biggest influence and this is China

[btc78]

now we seen the biggest country got the biggest influence and this is China

Now? this has been proven for years why just now that you learn about the influence of China in the crypto world.

Do you really mean that or just Shitposting here?

With their understanding with high technology stuff's, I think Japan will lead the way in Asian countries. I believe they know very well with this stuff's and probably be holding onto it.

I know how technological country Japan is they even the fastest technology growing country in the past but i doubt that they will lead crypto as Asian country because there are China and others that may take the position .

[Vishnu.Reang]

now we seen the biggest country got the biggest influence and this is China

The so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China. But if you take the purchasing power of these users (per capita), it is much lower than that from neighboring countries such as Japan, South Korea, Taiwan and Hong Kong. Japan may be home to less number of cryptocurrency users when compared to China, but in terms of volume of crypto assets, I believe that Japan tops China. Also, many of the large scale Chinese users have moved their assets to off shore tax havens, to reduce the possibility of wealth confiscation.

[Kong Hey Pakboy]

The so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China.

It's not overhyped, how come the prices could go down in the instance that China announces something negative for the bitcoin market. I think that if your country can move markets, it is influential in my book.

[Xinarae*]

Asian countries have the greatest influence on bitcoin in china because china is the best in terms of crypto use and almost the majority of chinese people use cryptocurrencies. The forex market is the largest and most liquid market in the world with millions of parties trading trillions of dollars any day for those who are just starting out in the forex market one of the first steps is to learn some common trade currencies and their popular uses not only in the foreign exchange market but also in general. Crypto has more influence in china than in the forex market.

[yananda]

The so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China.

It's not overhyped, how come the prices could go down in the instance that China announces something negative for the bitcoin market. I think that if your country can move markets, it is influential in my book.

China has progressive in many sectors, they don't abandon traditional investments. the volume of the market they have in crypto has a big contribution
in various Asian countries there are also good developments

[Mauser]

Asian countries have the greatest influence on bitcoin in china because china is the best in terms of crypto use and almost the majority of chinese people use cryptocurrencies. The forex market is the largest and most liquid market in the world with millions of parties trading trillions of dollars any day for those who are just starting out in the forex market one of the first steps is to learn some common trade currencies and their popular uses not only in the foreign exchange market but also in general. Crypto has more influence in china than in the forex market.

The thread is from 2018 but seems very accurate right now. If you had asked me 2 months ago I would have said that Asia has no bigger influence on bitcoin than any other country. But after the recent price drop it doesn't seem true anymore. China has such a huge power in the crypto world, it is sad to realise it. Together with Elon Musk, China managed to send Bitcoins down 40%, that is massive. At the moment no one can argue China is not controlling the bitcoin market.

[Vishnu.Reang]

The so called Chinese influence is always overhyped. It is true that there are tens of millions of cryptocurrency users in China.

It's not overhyped, how come the prices could go down in the instance that China announces something negative for the bitcoin market. I think that if your country can move markets, it is influential in my book.

That's what I am saying. China is having a disproportionate impact on the cryptocurrency market. A lot of users give undue importance to China. As I mentioned earlier, if you look at the volumes Japan may be more important when compared to China. But the news from Japan never influences the exchange rates. A lot of people have this misconception that a larger population always translates to larger financial influence. That is not the case with cryptocurrency. For the cryptocurrency market, countries such as Japan and Germany are more influential, when compared to more populous countries such as China and India.