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Author Topic: Crypto in Asia: Top developments for 2021  (Read 187 times)
Nhor1011
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December 05, 2020, 04:02:18 PM
 #21

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.

You're right! Covid 19 pushed people to learn about bitcoin and use it. After losing their jobs and quarantine period, they found some ways to make money on the internet and fortunately they found cryptocurrency. And Asian countries use more crypto probably because Asian countries have the largest Economy and are fond of trade.

 China is currently the leader in Asia in terms of cryptocurrency volume. But other Asian countries like Japan, South Korea, Singapore and Thailand are also keen in crypto. And I believe adoption of bitcoin and other cryptocurrencies will increase more in Asian countries.

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December 05, 2020, 04:14:06 PM
 #22

China is currently the leader in Asia in terms of cryptocurrency volume. But other Asian countries like Japan, South Korea, Singapore and Thailand are also keen in crypto. And I believe adoption of bitcoin and other cryptocurrencies will increase more in Asian countries.
It is also good to note that Asian countries were open to the Ida of accepting and making crypto legal like what Japan did, plus many third party applications allow the use of crypto to really be used in Actual transactions with the mobile wallets or 3rd party applications that are registered and allowed by the government. More developments will lead to more adoption and Asian countries allows to make it happen since they support alike projects.

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December 05, 2020, 04:38:13 PM
 #23

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.
In crypto space we have a large community from Asia and now its just not only from countries like Japan, China and Korea. One by one the list is growing in Asia and countries like Malaysia, India, Indonesia and many more are joining. Even multiple companies from this region are starting the journey with crypto by investing and accepting bitcoin legally. Specially most of the trading platforms are getting good amount of Asian traders who are actively continuing their trades throughout the year.

Crypto have already been a daily news in Asian countries and interesting thing is that people from this regions are accepting crypto as their daily method of payment warmly. Hopefully over crypto development in Asia wlll increase with more pace in upcoming years and business entrepreneurs will take it to next level. I can say that Asia was crypto friendly from the beginning and still they are on it.


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December 05, 2020, 04:50:48 PM
 #24

not to be racist but asia do also in excel on other things . in memes theres asian country or asian people that are also involved .

but in cryptocurrency asian country are only open or less restricted and i heard usa and other non asian country are battling a problem before in cryptocurrency but the acceptance of cryptos later on are now more open.

they will only catch up soon and we will see that they can dominate the charts but we dont know the flow of the legalization of crypto . any country asian or not can change the way they accept crypto
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