Asia is a crypto money hearth. Several Asian countries have evolved as influential leaders in the cryptocurrency space. The national adoption of digital coins reflects its global growth. Asia accounts for major mining and trading of cryptocurrencies.
Crypto News from India
Blockchain interest surges by 700%
The interest of Indians in Blockchain has sprouted immensely. According to the reports by Applancer.com, India has shown a keen interest in Blockchain technology with the demand increasing by 700% in the past few years. The report cites a higher demand in the Southern region. The involvement of specialists in blockchain development has risen by 75% since 2017.
Crypto News from China
Fintech firms’ investments surge amidst the upcoming launch of China’s Crypto
The imminent launch of Beijing’s digital currency has led to sprouting investments in China’s fintech stocks. The CSI fintech theme index, a tracker of major financial technology firms, has gained more than 50% so far this year. Beijing Certificate Authority and 360 Security Technology Inc. are among the big gainers with a jump of 200% and above 50% in shares respectively.
China’s digital currency holds no timetable for its emergence
China dismissed the reports circulating about the launch of its cryptocurrency. Yi Gang, the governor of the People’s Bank of China (PBOC), denied the speculations of the country launching its central-bank backed cryptocurrency in November. As clarified, the currency will not replace the Yuan in the retail sector and will follow every necessary regulation before coming into action.
Crypto News from Japan
BitFlyer supports five new altcoins
BitFlyer, the Tokyo-based crypto exchange has added five new altcoins to its Europe and United States platform. Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Lisk (LSK), and Monacoin (MONA), are now available for buying and selling in Europe; however, the US customers have access to only three of these coins, BCH, ETC, and LTC.
Kuroda calls for international participation for crypto regulation
Bank of Japan’s Governor, Haruhiko Kuroda urges for global cooperation in the regulation of the cryptocurrencies. The governor took under consideration the severe impact Libra can impose on the society and highlighted the supreme importance of international solidarity to apply the highest level of regulations on digital assets.
Japan possesses the fairest trading platforms
BTI market surveillance reported Japan’s leading position among the countries with the cleanest crypto exchanges. The Blockchain Transparency Institute stated the legal and regulatory standards as the main reason behind honest trading.