Those countries you mentioned were not crypto friendly,in China ban on ICO related things,in India banks restricted no legality on Indonesia yet so there are people but not much to influence the government to accept it as legal form of payment.Regulations can't change things for crypto users but for traders it greatly affects so we need to use cryptos more than trading it.
China only prohibits ICO, mining and everything related to money laundering. but not with blockchain technology, a few weeks ago I had read an article about china planned to launch their own crypto coin and be used as a substitute for their currency.
some examples of articles that I read
https://www.bloomberg.com/news/articles/2019-08-12/china-s-pboc-says-its-own-cryptocurrency-is-close-to-releasehttps://www.techradar.com/news/china-set-to-launch-its-own-cryptocurrencyhttps://www.cnbc.com/2019/10/15/china-races-to-launch-a-cryptocurrency-that-could-rival-facebooks.htmland for India or Indonesia, I really do not really know what happened there. but I think that country still has hope for crypto.
And China has started to a lot of things for this. In general, crypto adoption in asia is much better than other regions
yes you're right, adoption there is higher, even if it's just for investment. but we need more than that to make crypto grow.
A lot of big projects in Asia has emerged and it definitely is the biggest market to enter, especially if you're a project that is trying to raise funds. And I think the reason why is because of countries in Asia are more crypto-friendly compared to the west. They also have developed revolutionary projects that can disrupt existing systems, like a
crypto streaming platform that can rival Twitch+Netflix because of crypto integration. Projects who are aiming to help adoption will surely attract more people in the market.
Asia can be the biggest crypto market?
It can be if Asia keeps evolving, Korea is catching up with the technology and are aiming for wide-spread adoption.
streaming platform is good too, maybe it can be a profitable business model for crypto in the future.
and korea, i forgot this country. indeed this country began to do a massive development for crypto. It looks like they want to defeat Japan as a bustling crypto country in Asia.
Yes, I think Asia can be deservedly called the flagship of the cryptocurrency industry. The only problem is that at the moment Asia can not affect the world economy. To date, the entire global sector of the economy belongs to the United States and in the near future it is unlikely that something will change. Here you can draw a parallel with cryptocurrencies (USA-BTC, Asia-altcoins)
No, the world economy is divided between China and America. unfortunately China still hasn't gained much influence. an example of yesterday's trade war problems between China and America. many say there is no winner, but actually china is better. they are not too affected by the effects of it. while America began to shake. so if China does intend to launch their own crypto, this will be a major breakthrough in the crypto world. although many say the centralized coin is not crypto, but still it uses blockchain technology. so something will definitely change if China does it.
India and Japan are very active on blockchain market. Japan banks made an agreement with Ripple and I do not know when they will start operating with crypto, but this will give a huge boost to the whole industry.
work together, that's all? Come on, there are lots of big companies working with one of the crypto companies, but nothing has changed. because there is no real use resulting from that.
PundiX can be a project that you are looking for. Most of the team member is Asian and the goal of the project is to create a payment system that can be used around the world. Indeed, there are big projects created by Asians, just look more carefully. Or are you waiting for governments movement? If that is what you want, it is still too early. As the mass adoption proceeds, everything will spontaneously be as it should be.
no, I'm not looking for a crypto project. after all, I already knew about the project. what I want to know is the reason why Asia is a potential market, but can't maximize that potential. what the project developer thinks, regardless of regulations. why they just stopped at the idea, while many innovations that they have introduced.
i take the example of the project you said, PundiX. the project focused on crypto payment systems and their platforms are already operating in several countries. simple like this, if they are able to operate it means they have no problems with regulation. then why did they stop at this stage. they don't want to develop. even though it's easy if you want to create mass adoption. they just need to work with more merchants, so that their Platform (XPOS) can be used anywhere. but they don't do that.
