Topic: Asia can be the biggest crypto market - page 5. (Read 2263 times)
Yes. It might not be that obvious but a lot of Asian countries were actually into cryptocurrency. Developed Asian countries are also leading when it comes to cryptocurrency. Here in my country, digital currency isn't just for investment. It can also be used for utilities payment such as electrical bills, water bills, telecom bills, even loads, and such. What we need to achieve more is for the government (not only Asian, but also the other countries) to sees it as something helpful and useful.
I think China will be the first to start mass adoption of cryptocurrencies. China will begin adoption when fully exploring cryptocurrencies. Let's see what happens next.
I don't think China have mass adoption, Because India have equal population so they also trying to lead future. But right know Singapore occupy the major crypto adoption and they have low population and small city so anytime China and India will occupy the biggest crypto market. I hope Bitcoin will reach globalized soon after that we never think these kind of more adoption places.With the decision they have taken will help their country in development, according to technology we have now. According to the population, Indian are competitive, but at the same time we see the Indian government is not taking any strong decision like China.
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?
It would probably will be good if asia will be the biggest crypto market in the whole world because in terms of land Asia is the continent wbo has a large scale when it comes to different good country who are in the first world country in terms of economic growth. Especially China who is a big country that accepts and regulate crypto and blockchain, it would be really become the center of the crypto market when they continues this kind of thing. Especially when it comes to the internet connection the telstra is one of the very good internet connection that have in the asian countries. 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?
I think China will be the first to start mass adoption of cryptocurrencies. China will begin adoption when fully exploring cryptocurrencies. Let's see what happens next.
I don't think China have mass adoption, Because India have equal population so they also trying to lead future. But right know Singapore occupy the major crypto adoption and they have low population and small city so anytime China and India will occupy the biggest crypto market. I hope Bitcoin will reach globalized soon after that we never think these kind of more adoption places.
Crypto has open a lot of opportunities for Asian regions to compete with first-world countries like United states, Canada, Australia etc.. and i think that is the reason why most part of Asia is embracing crypto so there is no doubt that they will lead the crypto market in terms of population, adoption and demand.
I think China will be the first to start mass adoption of cryptocurrencies. China will begin adoption when fully exploring cryptocurrencies. Let's see what happens next.
I don't think China have mass adoption, Because India have equal population so they also trying to lead future. But right know Singapore occupy the major crypto adoption and they have low population and small city so anytime China and India will occupy the biggest crypto market. I hope Bitcoin will reach globalized soon after that we never think these kind of more adoption places. 
Population is surely a major drive to a nation's development or adoption of an emerging technology. China has the population. Africa has the population too. So it's only a matter of time that we will begin to experience significant real use cases.
not the amount of people in the country plays a key role in development but the possibility of using cryptocurrency and use cases. if you have a billion people but nowhere to spend crypto, then what's the point?
Asians are easily attracted to investment, the development of market valuation rates for crypto goes well in accommodating to be simpler without having to go through a complicated legal process "yet"
Southeast Asia has become the axis of crypto economic events, and East Asia has focused on implementing regulated systems. People in the European Union are still more interested in the stock market, there are still many rules that limit the volume of crypto trading there, it can be seen on the Binance US platform.
Southeast Asia has become the axis of crypto economic events, and East Asia has focused on implementing regulated systems. People in the European Union are still more interested in the stock market, there are still many rules that limit the volume of crypto trading there, it can be seen on the Binance US platform.
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?
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?
In some Asian countries, regulation is not an important issue because crypto has been treated like a commodity. I agree that Asia will probably be in the forefront of the cryptocurrency market, especially yesterday President Xi has said he will adopt the blockchain to advance his country
I think China will be the first to start mass adoption of cryptocurrencies. China will begin adoption when fully exploring cryptocurrencies. Let's see what happens next.
Singapore has become one of the most strategic countries in Asia. in Singapore many project developments are being carried out. Also in other Asian countries, the attitude is that many support bitcoin. for example Indonesia, the government has given permission as an investment.
Yes of course it is very strategic in the Asia region especially Southeast Asia, because the regulation in singapore is very easy not difficult compared to other countries. Singapore is more concerned with an investment so why are there many project developers located in Singapore.
Population is surely a major drive to a nation's development or adoption of an emerging technology. China has the population. Africa has the population too. So it's only a matter of time that we will begin to experience significant real use cases.
Looking at the development of crypto currencies in Asia today, it seems likely that Asia will become one of the largest crypto currency markets in the future, given the large number of exchanger-based ico / ieo projects currently making Asia their target market and I think of course projects These ico or ieo projects will realize the development of their project so that it can become one of the decentralized exchanges in Asia
Binance is one of the example an exchange from asia that can go to worldwide.
Asia's market or especially chinesse has very populated crypto users that hold much btc.
So, i think Asia will beat america in cryptocurrency ownership dominance
Looking at the development of crypto currencies in Asia today, it seems likely that Asia will become one of the largest crypto currency markets in the future, given the large number of exchanger-based ico / ieo projects currently making Asia their target market and I think of course projects These ico or ieo projects will realize the development of their project so that it can become one of the decentralized exchanges in Asia
China's president Xi Jinping just encourage countries to accelerate the use of blockchain or adopt blockchain in the article of cointelegraph. Interesting to read that a president from a country who ban BTC are the ones calling for its fast adoption. But really seem to make sense because they are releasing Chinese digital currency right?
Once China finally release this digital yuan of them, we really could be seeing a more revolutionary things that could happen. Just imagine Asians using Yuan as base currency and not USD anymore.
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-release
https://www.techradar.com/news/china-set-to-launch-its-own-cryptocurrency
https://www.cnbc.com/2019/10/15/china-races-to-launch-a-cryptocurrency-that-could-rival-facebooks.html
and 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.
It can be if Asia keeps evolving, Korea is catching up with the technology and are aiming for wide-spread adoption.
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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.
Korea has been avid for a long time actually, we all know the Chinese market and everyone keeps talking about that part of it but Korea and japan has been getting into crypto faster than any other nation.
Korea has exchanges that are big in the list and the Japanese crypto world has been one of the biggest, they did a "bitcoin debit card" type of deal like 5 years ago way before anyone else (no other country actually has one), so saying that china is the big player is kinda correct but also wrong because they are not really fan of it as a government but the people like it whereas japan and Korea has pro-crypto governments as well that help the mainstream adoption of it go high as well. Asia is not only "maybe in the future" big, they are currently big as well.
Korea has exchanges that are big in the list and the Japanese crypto world has been one of the biggest, they did a "bitcoin debit card" type of deal like 5 years ago way before anyone else (no other country actually has one), so saying that china is the big player is kinda correct but also wrong because they are not really fan of it as a government but the people like it whereas japan and Korea has pro-crypto governments as well that help the mainstream adoption of it go high as well. Asia is not only "maybe in the future" big, they are currently big as well.
Singapore has become one of the most strategic countries in Asia. in Singapore many project developments are being carried out. Also in other Asian countries, the attitude is that many support bitcoin. for example Indonesia, the government has given permission as an investment.
yes as growth with popularity within the limit on field of entrance as more of developer to works on customs as referring with uses of product and service on option as offers for public audience, the extensive on progress might be as one with the further on terms as chance with moderation as more of parties to gains with uses with advantage on applying the casuals on customs as the blockchain on occupation with daily scheme of entrance on field of business with the manage of entrance.
I totally agree as you said, Asia is a continent with very high density of crypto users, especially since internet networks are everywhere and we can see a lot of excharges that are present in Asia, so it is very sure that Asia is a user crypto is quite large, although the United States today is a developed country, but in the world of crypto in Asia more superior.
You are right, but many Asian countries have banned the existence of bitcoin like China which is very hard to forbid its citizens to touch bitcoin, then India is also like that because many people in India misuse bitcoin such as money laundering, terrorist funding etc.
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