Asia can be the biggest crypto market

[Nivia1st]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

[NathanJB]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

That's true. The bulk of the world's population is focused in Asia. And when the adoption comes, the people here in this continent will be the ones who will cause Bitcoin's actual use rise massively. But the present condition in the continent is not that friendly toward Bitcoin. China is not saying businesses and people can now use Bitcoin as money. India is unfriendly. Indonesia is not so clear as well.

[Alluro]

That's right, Asia has a large amount of crypto community. The next thing is Asia has many more crypto-friendly counties and they accept cryptocurrencies and payments. Another thing is most ICO projects are registered in Asian countries. Singapore, Japan and South Korea are a few crypto-friendly countries in Asia. I believe Asia can build a large crypto community in the world.

[SamboNZ]

That's right, Asia has a large amount of crypto community. The next thing is Asia has many more crypto-friendly counties and they accept cryptocurrencies and payments. Another thing is most ICO projects are registered in Asian countries. Singapore, Japan and South Korea are a few crypto-friendly countries in Asia. I believe Asia can build a large crypto community in the world.

Agreed, almost top crypto exchangers are situated in Asia but EU has started to become a place for crypto-start ups.

[Ailmand]

It could be since there are a lot of Asians who are crypto enthusiasts and most countries in Asia are positive when it comes to cryptocurrency. Just imagine Japan being late in adapting crypto and yet they progress really fast and were able to fully utilize cryptocurrency in their country. Not to mention other Asian countries who are huge crypto supporters.

[Aabcde]

Yes, as we know, the world population is the most abundant in Asia, around 4.6 billion. Certainly if everyone knows about crypto and tries to use it, a new market will be created that is bigger than it is now. Everything can happen and does not rule out the possibility that the next 3-5 years the market in Asia will boom.

[TGD]

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

The majority of bitcoin miners is on China and the major exchanges in crypto is from Asia too like Binance, Kucoin, Okex, Houbi and many more. What do you think about it? Is that still not a sign that Asia already take over the lead in terms of cryptocurrency market? America is suppressing by the regulators which result to many exchange was leaving there country.

[Furryball]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

China is the only one that are friendly to crypto on your list, india and indonesia are not so friendly, you should include malta, korea and singapore, for me i will go with china and korea they have the best interest on the tech so far, hopefully in the future the whole of asia continent will be using crypto which will drive the market up big time

[Bttzed03]

This is a 2017 article but I think it can still be used as a basis Cryptocurrencies by country Based on that article, we can see that countries in Asia are not unanimous in terms of the legality of the use cryptocurrencies.

The most notable disrupter is Japan, which has passed a law accepting Bitcoin as legal tender. At the other end of the spectrum, Bangladesh passed a law in 2014 stating that anybody caught using the virtual currency could be jailed under the country’s strict anti-money-laundering laws.

View full image here

[tranduong123]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

China is the only one that are friendly to crypto on your list, india and indonesia are not so friendly, you should include malta, korea and singapore, for me i will go with china and korea they have the best interest on the tech so far, hopefully in the future the whole of asia continent will be using crypto which will drive the market up big time

I disagree with you, China is not a crypto-friendly country, although they did not ban bitcoin ownership, but they banned cryptocurrency trading last year. Perhaps they do so because they want to develop their own currency.

[Wysi]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

Obviously Asian nations have been a huge market for any business let it be traditional business or new technology based due to it's immense population which makes it's one of the largest consumer base. They just needs to get the right exposure about crypto currency and it's benefits, having said that there might be more hurdles from the government which might be a little tough task as Bangladesh government has banned it and Indian bankers are threatening traders and advertising people not to involve in crypto but things will change if they see the brighter side of it.

[Javi_Anibarro]

China is the only one that are friendly to crypto on your list, india and indonesia are not so friendly, you should include malta, korea and singapore, for me i will go with china and korea they have the best interest on the tech so far, hopefully in the future the whole of asia continent will be using crypto which will drive the market up big time

You are completely wrong regarding China and Indonesia, Indonesia is friendly compared to China because of its regulation.
China and India banned cryptocurrency in their country while in Indonesia they are still able to trade it or exchange it, the government only restricts us from using it in our real life.
and yes South Korea, Singapore, and Japan are the most friendly countries in Asia.

[huu78]

Asia is the largest sector of the crypto market because there are many developed countries in Asia.
For the matter of why Crypto is just an idea and only a means of investment because there are still many countries that prohibit Crypto, Not much just a fraction.
Such as Asian markets that prohibit outside Asian investors to trade on its platform. I am convinced that in the future crypto will be used slowly starting from its blockchain technology.

[Wapfika]

China is the only one that are friendly to crypto on your list, india and indonesia are not so friendly, you should include malta, korea and singapore, for me i will go with china and korea they have the best interest on the tech so far, hopefully in the future the whole of asia continent will be using crypto which will drive the market up big time

I disagree with you, China is not a crypto-friendly country, although they did not ban bitcoin ownership, but they banned cryptocurrency trading last year. Perhaps they do so because they want to develop their own currency.

China is planning to have their own stablecurrency like, but still considers as cryptocurrency. For now many investors are still came from China and  in terms of mining they are present too. The trading and regulations are not still smooth for them, but based in topic Singapore, Japan ,Korea and many asian countries are open for adoption of crypto except China in terms of being decentralized. Soon as the technology improves many business will accept that crypto is a next big thing in Asia.

[djefes]

If something is banned, it gets more attractive

[watergold]

China is the only one that are friendly to crypto on your list, india and indonesia are not so friendly, you should include malta, korea and singapore, for me i will go with china and korea they have the best interest on the tech so far, hopefully in the future the whole of asia continent will be using crypto which will drive the market up big time

You are completely wrong regarding China and Indonesia, Indonesia is friendly compared to China because of its regulation.
China and India banned cryptocurrency in their country while in Indonesia they are still able to trade it or exchange it, the government only restricts us from using it in our real life.
and yes South Korea, Singapore, and Japan are the most friendly countries in Asia.

True, in Indonesia there is no prohibition on cryptocurrency even now many products adopt blockchain, the government does not give any rules so I think this is very friendly in Indonesia. Singapore, South Korea and Japan are developed countries so it can be called friendly.

[abeecrypto]

Yea, they are be the biggest market for crypto. But it is not necessary because of their population, it is as a result of their development. They are now more technologically driven. In as much as Africa is having troubles with internet access, I still think it can still be one of the biggest markets. And crypto’s real use will come when block chain technology becomes a bid deal in the tech space.

[CryptoBry]

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason. then what do you think?

The government's stand on cryptocurrency has had been playing that big role in the growth of this industry in this side of the map. Take for example how the cryptocurrency industry got almost into a halt when China decided for the ban, although Bitcoin can still be owned and traded P2P in China they are not doing it on the open anymore for fearing of government reprisal. There is nothing to change in the regulation when the government regulating is adamant on its strong position not to recognized and regulate the said thing.

I agree with the assessment that there is that big potential in Asia to contribute a lot towards the growth of cryptocurrency particularly Bitcoin. Even without China recognizing Bitcoin, Asia remains a big powerhouse in this industry and it can be safe to assume that visible growth can be seen in the statistics. Just imagine had China and India openly embracing Bitcoin albeit in a strict and hugely regulated environment, there could have been an explosion here not seen anywhere.

Scams and frauds which utilize cryptocurrencies are also playing a big role why many people seem to be detached and afraid to join the cryptocurrency bandwagon. Certainly, when you are burned even just once it can take a lot of time for you to change your impression and mindset. Losing money in many scams around, people got convoluted view on cryptocurrency.

I am sure there are many reasons why up to now adoption of cryptocurrency in Asia is not that very rosy but as I said the potential is really there so we might be requiring some time for this to happen. Japan and South Korea are both countries qualified to be poster kid for this industry. Anyway, the industry is still young and there is no need to fast track things when it is not possible to do so.

[bgaf]

No doubt that lots of funds from crypto circulate from Asia that includes China. Only few from Western Country since projects have tight security when it comes to term. If all countries can cash in more investment I think marketcap can blow out so big again. Its good some country are now embracing crypto, and expected to influence other countries. Malta is one of the country that reshaping the regulation for crypto. Yes, it's small country but I do hope some other country follows.

[Javi_Anibarro]

True, in Indonesia there is no prohibition on cryptocurrency even now many products adopt blockchain, the government does not give any rules so I think this is very friendly in Indonesia. Singapore, South Korea and Japan are developed countries so it can be called friendly.

You did not get the point I was talking about, what I mean is in Indonesia you can freely trade it and owning cryptocurrency. But there is a law prohibiting people to use it as a form of payment because it has not been regulated yet by the local government. Unlike Australia and Japan, you can trade it freely there and treat it as a form of currency.
adopting cryptocurrency as a form of currency in those 2 countries is possible but in Indonesia you will not be able to.