Asia totters on its cryptocurrency stance
The region is a vital part of the world crypto community, mostly as investor and miner. But Korea and China have turned against virtual currencies, though Japan, despite recent setbacks, may have the answer.
In July, Tama Churchouse, a founder of Stansberry Churchouse Research and partner at blockchain group block.one, made a big claim. “Asia is truly the epicentre of the global cryptocurrency boom,” he wrote.
He supported his argument with a chart, sourced to coinmarketcap.com, suggesting that four of the world’s top six cryptocurrencies by 24-hour trading volume were in Asia: Bithumb in Korea, Yunbi in China, OkCoin.cn also in China and Bitfinex in Hong Kong, with China’s Huobi and Korea’s Coinone also making the top 10.