Crypto in Asia: Top developments for 2021

[Bitcasino.io Support]

Hey everybody,

When it comes to taking the lead in cryptocurrency development and adoption, no region does it better than Asia.
Ever since the creation of Bitcoin, developed Asian countries have placed their bets in the crypto market and now, their decisions are paying off.

Now that the year is closing, it’s time to look back at the biggest crypto developments that occurred in Asia and anticipate what’s next for 2021.

Continue reading our thorough article here >> Crypto in Asia: Top developments for 2021.

You are welcome to share your thoughts.

Thanks,
Karl
Bitcasino.io

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[avikz]

Indeed! JAPAN was the first country in the world to adopt and legalize cryptocurrencies. However, Asia is quite large and Japan, Korea or China doesn't represent the whole Asia. Becaus while Japan and Korea are the front runner in cryptocurrency market. There are regressive countries in Asia, who are still confused on what to do or busy in playing divide and rule politics!

The silver lining is that, despite the odds and regressive governance, people of Asia have adopted cryptocurrencies in a very positive way except few anomalies. I hope that with developments in pipeline, will somewhat change the dynamics of crypto market in Asia and with DBS adoption of cryptocurrency, will bring it to the common mass.

Fingers crossed!

[Luzin]

Why did you provide a link to a crypto casino? This is not like a resource with articles

You're right, I can't even open the web. There is a warning this site is dangerous, there is even a warning that someone is trying to save my password to steal my data. I'm also from Asia but my country doesn't really understand about bitcoin and it seems like there isn't much investment in bitcoin. For China or Japan, I think that is true, but for other Asian countries they seem to be developing recently due to the booming price of bitcoin which continues to rise.

[passwordnow]

Why did you provide a link to a crypto casino? This is not like a resource with articles

It's their blog site. Just like exchanges having one.
Japan has always been supportive in cryptocurrencies. And they're part of the history, not so good for that one exchange that got hacked and lost tons of bitcoins.

I'm also from Asia but my country doesn't really understand about bitcoin and it seems like there isn't much investment in bitcoin.

What country is that?

[AmoreJaz]

Why did you provide a link to a crypto casino? This is not like a resource with articles

You're right, I can't even open the web. There is a warning this site is dangerous, there is even a warning that someone is trying to save my password to steal my data. I'm also from Asia but my country doesn't really understand about bitcoin and it seems like there isn't much investment in bitcoin. For China or Japan, I think that is true, but for other Asian countries they seem to be developing recently due to the booming price of bitcoin which continues to rise.

can you get a snapshot about the warning coming from the site itself? because when i clicked the OP's link, havent encountered the warning. just to give a heads up for those that may visit the site.
bitcasino.io has curacao e-gaming license so i dont know why you are getting a warning signal here.

ive been seeing bitcasino posting some of their blogs, so it is one way of promoting also their casino. subtle but it may get some viewers or even players in the process.

[Buttermellow]

Well, there are really develop countries in Asia wanting or adapting the bitcoin or cryptocurrency which was the new trend before and people are sharing about it on how they earn towards investing in cryptocurrency. Well, good for them but I was only after or wanting to see too how good our country was in investing cryptocurrency as part of the asia but sad to say not that really good compared to other countries.

[Jating]

Yeah, I think Japan, China and South Korea leading the way, More Than 95% of Crypto Futures Volume Is in Asia: Report. And then we have those developing countries, like the Philippines, Meet The 6 Cryptocurrency Exchanges In Philippines Registered With BSP, and then Indonesia, Binance Invests in Regulated Indonesian Crypto Exchange.

And I think this trend will continue in the next coming years and it could be Asia be dubbed as crypto hub with all the adoption and development and support of the government going around.

[TedMosby]

I am Indonesian not trying to be biased, Indonesia should be on the list too. We have already had a regulation here about cryptocurrency or crypto assets. cryptocurrency categorized as a commodity, not a currency. Like what has been said above, Binance invested in our local exchange a few months ago. And why we have Indonesian local board on Bitcointalk? because we have many users from Indonesia. I know that we are not top quality members, but still, we contribute to the number of adoption.
not to mention, our CBDC is on the way.

[n0ne]

More number of people from Asian countries are getting into bitcoin usage this year. This has taken place as a result of covid-19 which made most of the people spend the days sitting in front of the desktop/laptop. Almost every country have got users while very few have got legalized support from government. 2021 needs to be more flourishing, because growth and the market adoption is rising good in the global market.

[CyberKuro]

Yeah, I think Japan, China and South Korea leading the way, More Than 95% of Crypto Futures Volume Is in Asia: Report. And then we have those developing countries, like the Philippines, Meet The 6 Cryptocurrency Exchanges In Philippines Registered With BSP, and then Indonesia, Binance Invests in Regulated Indonesian Crypto Exchange.

And I think this trend will continue in the next coming years and it could be Asia be dubbed as crypto hub with all the adoption and development and support of the government going around.

Asia is a big continent with so many people and still need development in many countries, so no wonder that bitcoin will take a part of improvement there, although China as one of the biggest country had banned cryptocurrency but it doesn't really affect the community. From the standpoint of first countries in Asia such as Japan, South Korea and Singapore have a big role in bitcoin adoption in the region, while other countries proceeding to the same path.

[TravelMug]

Yeah, I think Japan, China and South Korea leading the way, More Than 95% of Crypto Futures Volume Is in Asia: Report. And then we have those developing countries, like the Philippines, Meet The 6 Cryptocurrency Exchanges In Philippines Registered With BSP, and then Indonesia, Binance Invests in Regulated Indonesian Crypto Exchange.

And I think this trend will continue in the next coming years and it could be Asia be dubbed as crypto hub with all the adoption and development and support of the government going around.

Asia is a big continent with so many people and still need development in many countries, so no wonder that bitcoin will take a part of improvement there, although China as one of the biggest country had banned cryptocurrency but it doesn't really affect the community. From the standpoint of first countries in Asia such as Japan, South Korea and Singapore have a big role in bitcoin adoption in the region, while other countries proceeding to the same path.

For the record though, China hasn't put a blanket ban on crypto.

But I would agree that there are so much movement and noise around the Asia region that it will become the biggest crypto activities, China has still its influence on bitcoin mining as they still have the majority of farms. Then Japan accepting crypto and legalising it. While Korea has a lot of crypto exchanges as well.

So this region will play a big role in the next ten years, as they become more active trading wise and companies adopting blockchain technologies as well.

[Darker45]

The Asian market is full of potential. Being the largest continent in the world hosting the largest share of global population, it really has a largely untapped market for cryptocurrency. And not only that, Asia has the largest economy among all the continents. So there is enough reason for crypto-centered companies to give utmost significance and focus to the region.

However, it is also worth noting that Asian economy is widely diverse. The growth of Asia is lopsided. It is therefore my fervent hope that somehow crypto would bridge certain gaps. I guess it helps that Bitcoin and crypto in general are truly global and borderless. Perhaps it is a huge factor for the continent's economy to spread more widely.

[samputin]

No doubt about Japan. They're actually good when it comes to technology and crypto-related stuff is no exception. I have expected that their name would be the first country I see in the article followed by China and Korea. And I wasn't wrong.

Also, I'm glad that Philippines was mentioned there. Our country is really taking a step towards crypto adoption. Another good thing is that politicians are also making their move to make this happen. It's okay that we're not on the top. What matters is that we're not lagging behind when it comes to this thing.

[btcsmlcmnr]

Asia and Latin America continents are big potential geographical locations for growth of crypto adoption. In Asia, I have more belief in Singapore besides the Japan. Singapore is a good destination for tech companies exclusively crypto and blockchain companies. Korea has big adopters but Korean locals are lack of knowledge on crypto technically. There are more open space in that nation for scammers, pumps and dumps and the government regulations are unknown. They looks are trying to tighten law regulations in Korea.

Anyway, thank you Bitcasino.io for the very informative article on the current picture in Asia continent.

[Lorence.xD]

Indeed! JAPAN was the first country in the world to adopt and legalize cryptocurrencies. However, Asia is quite large and Japan, Korea or China doesn't represent the whole Asia. Becaus while Japan and Korea are the front runner in cryptocurrency market. There are regressive countries in Asia, who are still confused on what to do or busy in playing divide and rule politics!

The silver lining is that, despite the odds and regressive governance, people of Asia have adopted cryptocurrencies in a very positive way except few anomalies. I hope that with developments in pipeline, will somewhat change the dynamics of crypto market in Asia and with DBS adoption of cryptocurrency, will bring it to the common mass.

Fingers crossed!

I think that it is a fair opinion. They are the leading countries in Asia so it is instinctive that they are the one in the list. I agree that they are not the only country but if you were to combine their power in economics, I think that it can be a good competitor. I think the regressive governance is a good thing for bitcoin communities in Asia because they have their sights not on progress which helps the individuals. I would second your idea that the dynamics will develop because Asia is the biggest continent and a population to back it up, this will be the reason for mainstream adoption.

[sayaya17]

Very interesting article Karl.
Asia is indeed the power center of blockchain in the world today because, in the Asian region, Blockchain technology gets a warm and positive welcome from its people. Therefore, Southeast Asia is a potential market for the development of blockchain and crypto-assets. So Asian markets have always been a haven for investors, including technological developments such as Blockchain.
The growing sense of trust in Blockchain in Southeast Asia is clear, as many Asians invest in digital currencies. Especially in South Korea, China, and Japan. But Filipina and Indonesia are also areas whose inhabitants know well about this blockchain technology.

[Latviand]

Indeed! JAPAN was the first country in the world to adopt and legalize cryptocurrencies. However, Asia is quite large and Japan, Korea or China doesn't represent the whole Asia. Becaus while Japan and Korea are the front runner in cryptocurrency market. There are regressive countries in Asia, who are still confused on what to do or busy in playing divide and rule politics!

No doubt! Japan is a strong, rich, and developed country and as they are so advanced when it comes to technology, for sure they are the first to engage in cryptocurrency in Asia.

As there are still countries who are doing their best to achieve this kind of adoption, there are still factors that are stopping them to engage in bitcoin.

Asian governments are probably busy on what they are going to prioritize because not all asian countries are rich enough to explore about how they will make their economy grow.

[buwaytress]

There were some moves in Malaysia in 2018 and 2019 that never really materialised -- referring to a Federal territory on a small island called Labuan. A few blockchain companies already set up shop there, and because of a semi offshore status over there, it was also the subject of discussions on a possible blockchain haven in a safe area (bordering Malaysia and Brunei only) I've a feeling next year could see a revival and surprise blockchain hubs including on Labuan. Wishful thinking perhaps, but you never know with the sentiment these days.

[Kupid002]

Why did you provide a link to a crypto casino? This is not like a resource with articles

It's an article for what he is explaining here, you should click the link first  and read it , before complaining  . It's slightly promotion of his websites which is the reason why he started this topics and ask other members opinion.


If you don't like it you can just ignore and do not visit it.

[kryptqnick]

Japan and South Korea seem to be quite crypto-friendly, but China is increasingly alarming, even though the majority of BTC miners are still located there. And as for India, there've been new project laws trying to reintroduce the ban, so it's still too early to say whether the Indian market is going to prosper, in my opinion.
Overall, I guess Asia is a prospective region of Bitcoin adoption, and the article is informative. I'd also be interested to read something like that about Africa because allegedly there've been some great crypto adoption cases in some countries there, but the region is so vast and often ignored that we still barely take it into account.